Mackinac Island, MI

Mackinac Island is a city in the state of michigan with a population of roughly 1,072. It is in Mackinac, Michigan Its Zip codes include 49757 .

Trends in Home Prices on Mackinac Island

Mackinac Island is a picturesque island located in the Straits of Mackinac, between Michigan and Wisconsin. The island is about 25 miles long and 8 miles wide, with a population of about 1,500 people. The island has been inhabited for over 2,000 years, and was first settled by the French in the 17th century. In 1805, the British acquired control of the island and it remained under British rule until 1815, when it was ceded to the United States as part of the Treaty of Ghent. The island became a state park in 1895 and was designated a national monument in 1907.

Today, Mackinac Island is one of Michigan's most popular tourist destinations. The economy is based largely on tourism and real estate sales; approximately 60% of the workforce are employed in tourism-related industries. There are several types of real estate available on Mackinac Island: vacation rentals (cottages, condos), year-round residences (single family homes or condos), commercial properties (restaurants, shops), land (residential or commercial).

The average price for residential property on Mackinac Island is $1 million; commercial properties average $4 million to $6 million. Vacation rentals can be found for anywhere from $50 per night to over $1 million per week; year-round residences range from around $200,000 to over $2 million.

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