US5.com
  1. Home
  2. States
  3. Michigan
  4. ZIP 49861
  5. Housing & Real Estate
Three Lakes CDP, MI

ZIP 49861 — 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 49861

Median Home Value
$229,200
Median Rent
N/A
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,472/mo PITI).

3.4x
Home Price-to-Income Ratio

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

To comfortably buy a median-priced home in ZIP 49861 in Three Lakes CDP, MI, a household would need roughly $63,000 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 $1,472. That is roughly in line with the local median household income ($66,806). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 59% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
96.9%+48% vs US avg
x
Vacancy Rate
59.5%+477% vs US avg
x
Broadband Access
72.8%-16% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
57.0%+49% vs US avg
x
$229,200
Home Value
N/A
Rent
1973
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached94.0%
  • 1-unit attached1.3%
  • 2-9 units0.0%
  • 10+ units0.2%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$229,200
Median rent$-666,666,666
Owner-occupied96.9%
Vacant59.5%
Price-to-income3.4x
Est. income to buy$63,000