The story of this market
The typical home in ZIP 49868 sells for about $159,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $663 a month.
ZIP 49868 — Newberry
The housing market in 49868 is characterized by low inventory and stable, modest price growth, reflecting a typical rural Michigan market. Demand remains steady among local residents, though the limited supply of homes keeps the market balanced. Current conditions are driven by local economic stability and the area's appeal as a quiet, affordable residential destination.
This ZIP is well-suited for families and individuals seeking a quiet, rural lifestyle with strong access to outdoor recreation and a lower cost of living.
Median prices moved up 2.5% year over year.
Homes spend a median of 88 days on market with 7.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.1% · poverty 19.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 49868, Luce County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Newberry area are generally low, consistent with rural Upper Peninsula trends, though specific localized data is not determinable.
The area is served by Newberry Area Schools, which provides standard public education for the region; specific performance ratings are not determinable.
The region faces standard seasonal risks including heavy winter snowfall and potential forest fire hazards, typical for the Upper Peninsula climate.
Economic momentum is driven by local government, healthcare, and tourism sectors, with limited large-scale industrial development.
Property taxes are assessed by Luce County based on state-equalized values, with millage rates determined by local school districts and municipal authorities.
Commuting is primarily by personal vehicle, with most residents working within the immediate Newberry area or traveling to nearby regional hubs.
The area offers extensive access to outdoor recreation, including proximity to the Tahquamenon Falls, local lakes, and vast forest trails for snowmobiling and hiking.
The rental market is characterized by limited inventory and steady demand from local workers and seasonal visitors, with low vacancy pressure.
The economy is anchored by public sector employment, including county government offices and local healthcare facilities, alongside a tourism-driven service industry.
Transportation is heavily reliant on personal vehicles, with M-28 and M-123 serving as the primary corridors for regional access.
Development is largely focused on maintaining existing infrastructure and small-scale community improvements rather than large-scale commercial expansion.
The Luce County Equalization Department manages property assessments and tax roll maintenance for the jurisdiction.
Parcels are subject to local school district taxes and county-level millages for public services and emergency management.
Property insurance premiums are influenced by the region's rural nature and exposure to severe winter weather conditions.
Data retrieved from census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Oswald’s Bear Ranch4.68.8 mi
- Tahquamenon Upper Falls4.910 mi
- MI DOG - Michigan's Summer Sled Dog Center51.4 mi
- Newberry State Forest Area4.83.7 mi
- Nature's Kennel Sled Dog Racing and Adventures4.912.4 mi
- Crisp Point Lighthouse4.819.3 mi
- Tahquamenon Logging Museum4.69.8 mi
- Newberry State Forest Area4.83.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional landmark known for its large waterfalls and extensive hiking trails.
A local golf course serving the community and surrounding area.
Provides local water access for fishing and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.