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Onaway city, MI

ZIP 49765 — 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 49765

Median Home Value
$114,300
Median Rent
$562
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$734/mo PITI).

13%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.9 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 49765 in Onaway city, MI, a household would need roughly $31,000 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 $734. That sits below the local median household income ($53,125), 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 34% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.7%+28% vs US avg
x
Vacancy Rate
34.3%+233% vs US avg
x
Broadband Access
81.8%-6% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
8.0%-38% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
7.0%-86% vs US avg
x
Mortgage-Free
59.3%+55% vs US avg
x
$114,300
Home Value
$562
Rent
1977
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached85.8%
  • 1-unit attached0.7%
  • 2-9 units1.5%
  • 10+ units1.1%
  • Mobile home & other10.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,300
Median rent$562
Owner-occupied83.7%
Vacant34.3%
Price-to-income2.2x
Est. income to buy$31,000