HousingHandbookReference data

U.S. ZIP Code · MI49630

Leelanau County · Traverse City, MI

Typical home value

$616,791[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.7%
5-year / yr
+7.6%
10-year / yr
+6.9%

Relative price

vs U.S.
+117.1%
vs metro
+43.4%
vs state
+158.0%
ZIP 49630 location in MI
Location of ZIP 49630 in MI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49630 is worth $616,791 — 43.4% above the Traverse City, MI median. Over the past year, values have risen 3.7%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$3,649[3]

#Climate risk

FEMA National Risk Index ratings for Leelanau County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Very Low
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
1,390[3]
Median household income
$106,375[3]

#Migration

Household moves in and out of Leelanau County over a year, from IRS tax-return data.

Net migration
+19[5]
Moved in
762
Moved out
743

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$3,119
Loan principal$493,432
Down payment$123,358
Total interest paid$629,346

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,936
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
78th percentile[1]
Rental yield
[2]
Property tax
15th percentile[3]

Frequently asked

How much is a home worth in ZIP code 49630?
The typical home in 49630 is worth $616,791, based on the Zillow Home Value Index.
Are home values rising in 49630?
Home values in 49630 are up 3.7% over the past year, and up 7.6% a year over five years.
What is the property tax rate in 49630?
The effective property tax rate in 49630 is 0.6% — roughly $3,649 a year on a typical home.
Who lives in 49630?
ZIP code 49630 has a population of 1,390 and a median household income of $106,375.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Suttons Bay, MI

    Typical home
    $613,457
    Gross yield
  • Maple City CDP, MI

    Typical home
    $610,764
    Gross yield
  • Glen Arbor CDP, MI

    Typical home
    $654,458
    Gross yield
  • Greilickville CDP, MI

    Typical home
    $515,917
    Gross yield
  • Frankfort, MI

    Typical home
    $509,548
    Gross yield
  • Greilickville CDP, MI

    Typical home
    $480,005
    Gross yield
    5.0%

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