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Baraga village, MI

ZIP 49908 — 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 49908

Median Home Value
$115,800
Median Rent
$365
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$744/mo PITI).

8%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.4 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 49908 in Baraga village, MI, a household would need roughly $32,000 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 $744. That sits below the local median household income ($56,985), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.8%+1% vs US avg
x
Vacancy Rate
20.2%+96% vs US avg
x
Broadband Access
81.1%-7% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
7.5%-41% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
4.7%-91% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$115,800
Home Value
$365
Rent
1974
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached71.3%
  • 1-unit attached0.5%
  • 2-9 units7.3%
  • 10+ units7.9%
  • Mobile home & other13.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$115,800
Median rent$365
Owner-occupied65.8%
Vacant20.2%
Price-to-income2.0x
Est. income to buy$32,000