49953, Ontonagon, MI

The 49953 zip code of Ontonagon, Michigan has a median home value of $128,000 and a median home equity value of $104,000. The 49953 zip code is located in the Upper Peninsula of Michigan and has a population of 1,851 people.

There are a number of factors that can affect home prices in any given area. In Ontonagon, MI, the average list price for homes was $179,500 as of February 2019. This is up from the average list price for homes in Ontonagon during the same time period last year which was $161,500. The increase in prices can likely be attributed to an influx of new residents into the area as well as an increase in demand for housing stock. Additionally, Ontonagon has seen an uptick in job growth over the past few years which could also contribute to higher home values.

Despite the increased prices, there are still plenty of opportunities for buyers who are interested in purchasing a home in Ontonagon. There are currently 891 homes available for sale within the 49953 zip code as of February 2019 and inventory levels have remained relatively consistent over recent years. Additionally, there is no shortage of listings that have been reduced or withdrawn from the market due to seller’s remorse or other reasons – indicating that there is still plenty of interest among potential buyers when it comes to purchasing a home within this area.