Median home value in zip code 49651 (Lake City, MI) is $221,246, up 5.9% year over year. Part of the Cadillac, MI metropolitan area.

Home Value$221,246

YoY Change

+5.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 49651 (Lake City).

Income (annual)

Down Payment

$44,249 on $221,246

Example: $75,000 household income. Change it above to see your own.

Affordable24.6% of income

Under the 28% guideline.

PITI$1,536

P/I24.6%

Afford$252K

Room+$31K

P&I $1,119Tax $284Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

49651 is part of the Cadillac, MI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Cadillac, MI analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.