The story of this market
The typical home in ZIP 49901 sells for about $119,900, or $50 per square foot.
Homes take about 140 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $734 a month.
ZIP 49901 — Ahmeek
The housing market in 49901 is characterized by extremely low inventory and minimal sales activity, reflecting the rural and historic nature of the village. Prices remain low compared to national averages, with most housing stock dating back to the early 20th century. Market conditions are stable with no significant development or price volatility reported.
This ZIP is best suited for budget-conscious buyers or those seeking a quiet, rural lifestyle in a historic mining community, rather than commuters or investors seeking high-growth opportunities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 140 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 20.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 49901, Keweenaw County MI
The area is subject to standard regional climate risks for the Upper Peninsula, including heavy winter snowfall and potential for localized flooding.
Economic momentum is limited in this historic mining village, with development primarily focused on residential maintenance rather than large-scale infrastructure or corporate expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Commuting typically requires personal vehicle travel via local highways to reach employment hubs in the broader Keweenaw Peninsula region.
The area offers access to outdoor recreation including hiking, snowmobiling, and proximity to Lake Superior, with limited local shopping and dining options.
The rental market is extremely thin with limited inventory, often characterized by older housing stock and high rent-burden rates for local tenants.
The local economy is primarily driven by small-scale services and tourism, with limited major industrial employers within the immediate ZIP code.
Public transit is not available; the area relies entirely on private vehicle transportation.
There are no major approved or under-construction developments reported for this ZIP code.
Keweenaw County assesses property values based on state-mandated equalization processes.
Parcels are subject to local school district and county-level millages.
Property insurance premiums are influenced by the area's remote location and exposure to severe winter weather conditions.
Michigan operates as a judicial foreclosure state with specific statutory redemption periods.
Michigan law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from US Census Bureau ACS 5-Year Estimates via MyTownView and Zip-Codes.com.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.