The story of this market
The typical home in ZIP 49797 sells for about $245,000, or $168 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 49797 — Waters
The housing market in 49797 remains stable with limited inventory and steady demand, primarily driven by local residents and seasonal buyers. Prices have seen modest year-over-year growth, though the market is constrained by low turnover and a lack of new construction. Figures for specific metrics like months of supply and price cuts are based on current local market observations.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural lifestyle, as it offers limited employment density but high access to natural amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 84 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 9.8% — 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 6.0%/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 4.7%/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 49797, Mackinac County MI
Crime rates in this rural area are generally low and stable, consistently tracking below state and national averages for violent and property crime.
Schools serving this area are part of a rural district that maintains moderate performance ratings, with a focus on small class sizes and community-integrated programming.
The area faces moderate risks related to winter weather and seasonal forest fire conditions, with property insurance premiums reflecting these regional environmental factors.
Economic momentum is driven by local tourism, seasonal recreation, and small-scale service industries, with limited large-scale industrial or corporate development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Commuting is primarily car-dependent, with residents traveling to nearby regional hubs for employment; public transit options are not available.
The area is rich in outdoor amenities, featuring immediate access to regional lakes, hiking trails, and seasonal recreational facilities.
The rental market is characterized by low inventory and high demand during peak tourist seasons, with limited long-term rental availability.
The local economy is heavily reliant on tourism, forestry, and seasonal hospitality services, with limited diversification into other sectors.
Transportation is entirely reliant on private vehicle use via regional highway corridors; there is no public transit infrastructure.
Development is strictly regulated to preserve the rural character of the area, with no major commercial or high-density residential projects currently in the pipeline.
The county appraisal district conducts annual assessments based on market value, with property owners having the right to appeal valuations.
Parcels are subject to standard county and school district taxes, with no significant MUD or PID special districts identified.
Property insurance availability is stable, though premiums are influenced by the area's exposure to severe winter weather and wildfire risks.
The state has experienced modest net domestic migration gains, driven by individuals seeking lower costs of living and outdoor-focused lifestyles.
Michigan operates primarily as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property at the time of sale.
Data retrieved from data.census.gov using ZCTA 49797 profile.
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.
- Treetops Resort4.311.9 mi
- Otsego Resort3.910.8 mi
- Michaywé Pines Golf Course4.65.3 mi
- Poppy's Family Campground at Beaver Creek Resort4.35.6 mi
- BJ's Catering and Event Center4.511.2 mi
- Hartwick Pines State Park4.89 mi
- Otsego Lake State Park4.53.4 mi
- Gaylord City Elk Park Viewing Area4.79.3 mi
- Gaylord's City Elk Park4.79.5 mi
- Call of the Wild Museum4.79.7 mi
- Call of the Wild Museum4.79.7 mi
- CoopersVille USA4.719.6 mi
- Hartwick Pines Logging Museum4.89.5 mi
- Grayling Fish Hatchery4.414.4 mi
- Paragon Ink4.710.3 mi
- Hartwick Pines State Park4.89 mi
- Otsego Lake State Park4.53.4 mi
- Gaylord City Elk Park Viewing Area4.79.3 mi
- Gaylord's City Elk Park4.79.5 mi
- Hartwick Pines State Park Campground4.89.7 mi
- Mega Power Sports & Marine4.48.1 mi
- Treetops Resort4.311.9 mi
- Otsego Resort3.910.8 mi
- Treetops Golf Club4.411.7 mi
- Michaywé Pines Golf Course4.65.3 mi
- Gaylord Country Club4.711.7 mi
- Meijer4.310.1 mi
- Kohl's4.210.4 mi
- T.J. Maxx4.410.4 mi
- Edelweiss Village Shopping Center4.310 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive public land for hiking, hunting, and outdoor recreation.
Provides significant access to beaches and boating activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.