US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49098
  5. Housing & Real Estate
Paw Paw Lake CDP, MI

ZIP 49098 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49098

Median Home Value
$150,500
Median Rent
$736
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$967/mo PITI).

16%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.0 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 49098 in Paw Paw Lake CDP, MI, a household would need roughly $41,000 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 $967. That sits below the local median household income ($56,899), 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

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.5%+14% vs US avg
x
Vacancy Rate
24.2%+135% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
3.2%-53% vs US avg
x
Rent Burden >30%
32.3%-35% vs US avg
x
Mortgage-Free
46.6%+22% vs US avg
x
$150,500
Home Value
$736
Rent
1968
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached77.4%
  • 1-unit attached3.3%
  • 2-9 units6.3%
  • 10+ units3.5%
  • Mobile home & other9.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,500
Median rent$736
Owner-occupied74.5%
Vacant24.2%
Price-to-income2.6x
Est. income to buy$41,000