ZIP 49968 · Wakefield, Michigan

Population

2,203 people call ZIP 49968 home.

2,203

people.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Rent

Median rent is up 40% since the 2010–2014 survey, before inflation.

$656

a month. Michigan's median is $1,129.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$752–$1,128

is the monthly rent range local workforce wages support.

• $656 median

Supportable rent computed by the Almanac from 2021 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 93% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.1–0.6% to the 1,379 homes here.

1–8

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2021 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 60% less than Michigan's.

$91,800

median home value in ZIP 49968.

• $91,800 ZIP 49968
• $231,600 Michigan
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year