Zip 49793 (Trout Lake, MI) Housing

Trout Lake, MI is seeing an impressive appreciation in housing values compared to the US average. The median value of homes in Trout Lake, MI is $162,300, while the US median value is $338,100. The US 1 year house appreciation rate is 8.27%, yet Trout Lake has seen a 16.52% increase in housing values over the last year. This shows that Trout Lake is an excellent place for potential real estate investments and those looking to buy a home in this area would find great value and potential for appreciation.

The median home cost in Trout Lake (zip 49793) is $162,300. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Trout Lake (zip 49793) is up 21.4%.

Average Age of Homes

- The median age of Trout Lake (zip 49793) real estate is 39 years old

The Rental Market in Trout Lake (zip 49793)

- Renters make up 8.4% of the Trout Lake (zip 49793) population
- 1.4% of houses and apartments in Trout Lake (zip 49793), 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	Trout Lake, Michigan	United States
	444.0	139,647,020.0
	44	42
	$162,300	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$14.10	$10.98
	$1,271	$2,690
	14.0%	57.4%
	86.0%	11.2%
	0.0%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	2.5%	0.7%
	1.4%	0.4%
	80.0%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	8.1%	3.9%
	8.1%	4.5%
	30.6%	11.3%
	32.3%	13.0%
	14.5%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	6.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	23.2%	13.6%
	14.0%	13.2%
	16.9%	14.8%
	23.2%	13.6%
	15.1%	10.0%
	4.7%	4.7%
	6.5%	12.2%

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