49651
Lake City, Michigan.
Lake City, Missaukee County, MI · Cadillac, MI metro · population 7,628
to buy the typical home at today's mortgage rate — +$548 (+86%) since Jan 2020.
- 1 year
- Up $15,528 +7%
- $210,006$225,534 since Sep 2025
- 5 years
- Up $27,559 +14%
- $197,975$225,534 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.
- 49651$1,184
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in zip 49651 rose 7.4% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Lake City, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49651
Mid-tier homes, smoothed and seasonally adjusted.
- 49651$225,534
- Cadillac$230,045
- 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 |
|---|---|---|---|---|---|
| 11.9 | 49633 | Fife Lake | 3,410 | — | $241,711 |
| 12.7 | 49632 | Falmouth | 1,067 | — | $191,197 |
| 12.9 | 49657 | McBain | 3,801 | — | $246,300 |
| 14.1 | 49663 | Manton | 6,409 | — | $226,789 |
| 17.3 | 48629 | Houghton Lake | 7,998 | — | $198,592 |
| 18.3 | 48627 | Higgins Lake | 65 | — | $286,682 |
| 18.4 | 49680 | South Boardman | 2,206 | — | $217,100 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.