49640
Honor, Michigan.
Honor, Benzie County, MI · Traverse City, MI metro · population 1,252
to buy the typical home at today's mortgage rate — +$1,339 (+156%) since Jan 2020.
- 1 year
- Up $34,072 +9%
- $384,186$418,258 since Sep 2025
- 5 years
- Up $96,024 +30%
- $322,234$418,258 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49640$2,195
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 49640 rose 8.9% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Benzie County, MI 97% · Leelanau County, MI 3%
Zillow also publishes an index for the city itself: Honor, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49640
Mid-tier homes, smoothed and seasonally adjusted.
- 49640$418,258
- Traverse City$419,457
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.5 | 49617 | Beulah | 3,526 | — | $431,214 |
| 7.7 | 49650 | Lake Ann | 3,411 | — | $407,336 |
| 10.1 | 49635 | Frankfort | 3,339 | — | $521,830 |
| 10.4 | 49616 | Benzonia | 2,162 | — | $331,299 |
| 10.7 | 49636 | Glen Arbor | 643 | — | $685,721 |
| 11.4 | 49643 | Interlochen | 6,963 | — | $367,181 |
| 12.8 | 49664 | Maple City | 2,332 | — | $621,661 |
| 13.6 | 49683 | Thompsonville | 2,225 | — | $303,510 |
| 14.0 | 49630 | Empire | 1,390 | — | $621,751 |
| 16.1 | 49621 | Cedar | 3,483 | — | $529,175 |
| 16.4 | 49685 | Traverse City | 21,308 | $1,740 | $433,706 |
| 17.0 | 49613 | Arcadia | 528 | — | $421,707 |
| 17.2 | 49684 | Traverse City | 21,585 | $1,994 | $487,847 |
| 17.2 | 49637 | Grawn | 3,646 | — | $346,442 |
| 19.8 | 49614 | Bear Lake | 2,678 | — | $312,708 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.