Zip 49614 (Bear Lake, MI) Housing

The housing market in Bear Lake, MI (49614) is performing better than the US market. According to recent data, the median value of a house in Bear Lake is $242,300 compared to the US median of $338,100. The US house appreciation rate is 8.27% while the 1 year appreciation rate of a house in Bear Lake is 15.49%. This shows that homes in Bear Lake are appreciating faster than those in the rest of the country, making it an attractive option for potential buyers.

The median home cost in Bear Lake (zip 49614) is $242,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Bear Lake (zip 49614) is up 19.8%.

Average Age of Homes

- The median age of Bear Lake (zip 49614) real estate is 44 years old

The Rental Market in Bear Lake (zip 49614)

- Renters make up 7.1% of the Bear Lake (zip 49614) population
- 0.2% of houses and apartments in Bear Lake (zip 49614), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bear Lake, Michigan	United States
	1,928.0	139,647,020.0
	48	42
	$242,300	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$12.00	$10.98
	$1,857	$2,690
	55.7%	57.4%
	41.2%	11.2%
	3.2%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	37.1%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	3.7%	2.4%
	3.4%	2.8%
	8.7%	3.9%
	15.8%	4.5%
	15.0%	11.3%
	14.6%	13.0%
	19.8%	20.1%
	10.0%	13.6%
	3.5%	8.3%
	1.9%	9.7%
	1.7%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	12.7%	13.6%
	12.7%	13.6%
	11.5%	13.6%
	11.9%	13.2%
	15.5%	14.8%
	11.5%	13.6%
	8.8%	10.0%
	7.2%	4.7%
	13.7%	12.2%

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