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Harbor Springs city, MI

ZIP 49740 — 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 49740

Median Home Value
$332,600
Median Rent
$764
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,137/mo PITI).

11%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

36.3 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 49740 in Harbor Springs city, MI, a household would need roughly $92,000 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 $2,137. That is roughly in line with the local median household income ($85,230). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 47% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.8%+36% vs US avg
x
Vacancy Rate
47.3%+359% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
8.4%-43% vs US avg
x
Built Pre-1939
3.9%-70% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$332,600
Home Value
$764
Rent
1983
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 detached81.5%
  • 1-unit attached3.6%
  • 2-9 units10.4%
  • 10+ units2.1%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,600
Median rent$764
Owner-occupied88.8%
Vacant47.3%
Price-to-income3.9x
Est. income to buy$92,000