49969
Watersmeet, Michigan.
Watersmeet, Gogebic County, MI · population 1,000
to buy the typical home at today's mortgage rate — +$921 (+142%) since Jan 2020.
- 1 year
- Up $12,413 +4%
- $286,410$298,822 since Sep 2025
- 5 years
- Up $54,467 +22%
- $244,355$298,822 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.
- 49969$1,568
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in zip 49969 rose 4.3% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Watersmeet, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49969
Mid-tier homes, smoothed and seasonally adjusted.
- 49969$298,822
- 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 |
|---|---|---|---|---|---|
| 10.2 | 54540 | Land O'Lakes | 971 | — | $346,466 |
| 13.6 | 54519 | Conover | 1,309 | — | $361,934 |
| 15.1 | 54554 | Phelps | 1,148 | — | $347,910 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.