49749
Indian River, Michigan.
Indian River, Cheboygan County, MI · population 4,411
to buy the typical home at today's mortgage rate — +$991 (+134%) since Jan 2020.
- 1 year
- Up $18,530 +6%
- $311,073$329,603 since Sep 2025
- 5 years
- Up $64,919 +25%
- $264,685$329,603 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.
- 49749$1,730
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in zip 49749 rose 6.0% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Indian River, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49749
Mid-tier homes, smoothed and seasonally adjusted.
- 49749$329,603
- 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 |
|---|---|---|---|---|---|
| 4.6 | 49791 | Topinabee | 164 | — | $259,569 |
| 9.9 | 49706 | Alanson | 4,920 | — | $303,758 |
| 10.4 | 49799 | Wolverine | 2,331 | — | $203,704 |
| 10.5 | 49716 | Brutus | 1,006 | — | $449,118 |
| 12.3 | 49721 | Cheboygan | 13,891 | — | $227,516 |
| 15.9 | 49770 | Petoskey | 18,221 | $1,800 | $467,137 |
| 16.8 | 49765 | Onaway | 4,333 | — | $199,593 |
| 17.1 | 49769 | Pellston | 1,718 | — | $238,724 |
| 17.8 | 49795 | Vanderbilt | 1,884 | — | $209,412 |
| 18.9 | 49755 | Levering | 1,799 | — | $264,934 |
| 19.2 | 49713 | Boyne Falls | 2,011 | — | $347,954 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.