US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49087
  5. Housing & Real Estate
Schoolcraft village, MI

ZIP 49087 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49087

Median Home Value
$279,800
Median Rent
$814
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,797/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49087 in Schoolcraft village, MI, a household would need roughly $77,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,797. That sits below the local median household income ($94,556), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
90.0%+38% vs US avg
x
Vacancy Rate
9.0%-13% vs US avg
x
Broadband Access
85.9%-1% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
1.6%-88% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.3%-73% vs US avg
x
Mortgage-Free
40.3%+6% vs US avg
x
$279,800
Home Value
$814
Rent
1981
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached89.5%
  • 1-unit attached1.7%
  • 2-9 units4.3%
  • 10+ units1.4%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$279,800
Median rent$814
Owner-occupied90.0%
Vacant9.0%
Price-to-income3.0x
Est. income to buy$77,000