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Paradise 49768

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$11K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$272K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2017 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
Oct
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
Oct
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
Oct
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
20162023

Housing Stock

HomesHow many homes we have records for in this area.951
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$272K
Single familyThe share of homes here that are single-family houses.100%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.91%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.4%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.24%
Company ownedThe share of homes owned by a company or trust instead of a person.14%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.179
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.75
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.7

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.22%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.16%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.374
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$59K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$71K
Average tempThe average temperature here across a full year.40°F
Annual precipHow much rain and melted snow falls here in a typical year.35 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.47%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Paradise 49768 compares

By median home value, Paradise 49768 is the 1st most expensive of 15 ZIP codes in Chippewa County, and its typical home is worth more than 79% of all homes in Chippewa County.

Home values in Paradise 49768

Share of homes at each estimated value.

Median
$127K$558K
ZIP codes in Chippewa County ranked by median home value
#Chippewa CountyMedian valueHomes
1Paradise 49768$272K951
2Barbeau 49710$269K576
3Hulbert 49748$233K222
4Trout Lake 49793$229K503
5Dafter 49724$226K560
6De Tour Village 49725$221K933
7Eckerman 49728$213K544
8Pickford 49774$194K1,153
9Brimley 49715$194K1,718
10Sault Sainte Marie 49783$192K6,812
11Drummond Island 49726$187K2,247
12Kinross 49752$184K291
13Goetzville 49736$175K539
14Rudyard 49780$145K1,033
15Kincheloe 49788$123K981

About the Paradise 49768 market

What is the median home price in Paradise 49768, MI?

The median sale price in Paradise 49768, MI is $11,100 (data through October 2017), based on deeds recorded with the county.

How many homes sell in Paradise 49768, MI each year?

1 homes sold in Paradise 49768, MI over the last 12 months (data through October 2017). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Paradise 49768, MI?

Paradise 49768, MI contains 951 residential properties. The median TopHap Estimate is $272K.

How does Paradise 49768, MI compare to the rest of Chippewa County?

By median home value, Paradise 49768, MI is the 1st most expensive of 15 ZIP codes in Chippewa County. Its typical home is worth more than 79% of all homes in Chippewa County. Barbeau 49710 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Paradise 49768, MI?

24% of homes in Paradise 49768, MI are owner-occupied. 14% are held by a company rather than an individual.

How much equity do owners in Paradise 49768, MI hold?

91% of mortgaged homes in Paradise 49768, MI are equity-rich, meaning the loan balance is under half the home's value. 1.4% owe more than the home is worth.

Nearby markets

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Explore Paradise 49768 on the map

See every recorded sale, price heat map, school zone and flood overlay across Paradise 49768in TopHap’s interactive 3D map.

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