The story of this market
The typical home in ZIP 49749 sells for about $365,000, or $215 per square foot.
Prices are down 12.1% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 49749 — Indian River
The 49749 housing market is currently experiencing a cooling phase with a notable year-over-year price decline, reflecting broader regional adjustments. Despite this, the area remains competitive due to its strong appeal as a recreational destination. Inventory levels are moderate, and buyers are finding more leverage than in previous years.
This ZIP is ideal for outdoor enthusiasts, retirees, and second-home buyers seeking a recreational lifestyle, though it presents challenges for year-round workers due to limited rental supply.
Median prices moved down 12.1% year over year.
Homes spend a median of 62 days on market with 4.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 11.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 49749, Cheboygan County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Indian River area are generally low, consistent with rural Northern Michigan trends and significantly below national urban averages.
Schools serving the area are primarily part of the Inland Lakes Schools district, which maintains a stable, community-focused educational environment.
The area faces moderate risks related to winter weather and seasonal flooding near the Sturgeon and Indian Rivers, with standard insurance requirements for waterfront properties.
Economic momentum is driven by seasonal tourism, outdoor recreation, and small-scale local services, with limited large-scale industrial development.
Property taxes are assessed at the local township level in Cheboygan County, subject to Michigan's Proposal A limitations on taxable value increases.
Commutes are primarily car-dependent, with I-75 serving as the main artery for travel toward larger employment hubs like Petoskey or Cheboygan.
The area is a premier destination for boating, fishing, and snowmobiling, featuring direct access to the Inland Waterway and numerous public parks.
The rental market is tight due to high demand for seasonal and short-term vacation housing, which limits long-term inventory for residents.
The economy is heavily reliant on tourism, hospitality, and small-business retail, with seasonal fluctuations impacting employment levels.
Transportation is almost exclusively private vehicle-based, with I-75 providing the primary north-south connection.
Local planning focuses on maintaining the rural character while supporting sustainable tourism infrastructure.
Cheboygan County utilizes a standard ad valorem assessment system based on state-equalized values.
Parcels are subject to local school district taxes and county-wide millages for emergency services and infrastructure.
Property insurance premiums are influenced by proximity to water and wildfire risk in heavily wooded areas.
Net domestic migration is positive, driven by retirees and remote workers relocating from urban centers.
Michigan is a judicial foreclosure state with specific statutory redemption periods for residential properties.
Sellers are required to provide a comprehensive real estate disclosure statement covering known material defects.
Data retrieved from census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Know Way Out Escape Room4.917.9 mi
- Odawa Casino418.4 mi
- Barrel Back Restaurant4.319 mi
- Onaway Speedway4.718.9 mi
- Black Bear Golf Course3.916.6 mi
- Mackinaw Trail Winery & Brewery - Petoskey4.518.2 mi
- Cross in the Woods Catholic Shrine of Indian River4.91.7 mi
- Burt Lake State Park4.51.2 mi
- Aloha State Park4.510.2 mi
- Agnes S. Andreae Nature Preserve4.93.9 mi
- Crooked Vine Vineyard & Winery4.88 mi
- Cheboygan Crib Rear Light4.617.9 mi
- Sturgeon River Pottery4.819.4 mi
- NorthGoods4.817 mi
- Oden Hatchery Visitor Center4.811.5 mi
- St. Francis Solanus Indian Mission Church4.717.6 mi
- Burt Lake State Park4.51.2 mi
- Aloha State Park4.510.2 mi
- Agnes S. Andreae Nature Preserve4.93.9 mi
- Allan & Virginia McCune Nature Preserve4.811.6 mi
- Gaylord State Forest Area4.612.3 mi
- Pier M33 On The Cheboygan4.114 mi
- Landings Resort & Marina4.62.1 mi
- Petoskey Bayfront Breakwater4.917.3 mi
- Jack's Mullett Lake Marina4.611.6 mi
- Indian River Marina4.70.2 mi
- Hidden River Golf & Casting Club4.79.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major waterfront park offering swimming, boating, and camping.
A historic 38-mile chain of lakes and rivers popular for boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.