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Norway city, MI

ZIP 49892 — 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 49892

Median Home Value
$187,200
Median Rent
$504
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,203/mo PITI).

8%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

31.0 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 49892 in Norway city, MI, a household would need roughly $52,000 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 $1,203. That sits below the local median household income ($75,461), 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
90.8%+39% vs US avg
x
Vacancy Rate
34.2%+232% vs US avg
x
Broadband Access
83.8%-4% vs US avg
x
4+ Bedrooms
5.6%-62% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
2.4%-66% vs US avg
x
Rent Burden >30%
30.6%-38% vs US avg
x
Mortgage-Free
51.9%+36% vs US avg
x
$187,200
Home Value
$504
Rent
1980
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached93.6%
  • 1-unit attached0.3%
  • 2-9 units1.2%
  • 10+ units0.6%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$187,200
Median rent$504
Owner-occupied90.8%
Vacant34.2%
Price-to-income2.5x
Est. income to buy$52,000