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Wetmore 49895

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$480K
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.
$196K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2026 · 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
20172026
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
20172026
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
20172026

Housing Stock

HomesHow many homes we have records for in this area.1,215
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$196K
Median sizeThe middle home size here, measured in square feet.1,005 ft²
Median bedroomsThe middle bedroom count for homes here.2
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1985
Single familyThe share of homes here that are single-family houses.99%
CondosThe share of homes here that are condos.1.2%

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.82%
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.29%
Company ownedThe share of homes owned by a company or trust instead of a person.20%
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.115
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.74
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

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.47%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.1,601
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.6 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$60K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$74K
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

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 Wetmore 49895 compares

By median home value, Wetmore 49895 is the 6th most expensive of 9 ZIP codes in Alger County, and its typical home is worth more than 44% of all homes in Alger County.

Home values in Wetmore 49895

Share of homes at each estimated value.

Median
$73K$514K
ZIP codes in Alger County ranked by median home value
#Alger CountyMedian valueHomes
1Grand Marais 49839$272K739
2Au Train 49806$255K708
3Deerton 49822$250K279
4Shingleton 49884$210K374
5Eben Junction 49825$206K122
6Wetmore 49895$196K1,215
7Chatham 49816$193K440
8Munising 49862$186K2,548
9Trenary 49891$162K434

About the Wetmore 49895 market

What is the median home price in Wetmore 49895, MI?

The median sale price in Wetmore 49895, MI is $480,000 (data through April 2026), based on deeds recorded with the county.

How many homes sell in Wetmore 49895, MI each year?

1 homes sold in Wetmore 49895, MI over the last 12 months (data through April 2026). 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 Wetmore 49895, MI?

Wetmore 49895, MI contains 1,215 residential properties, with a median of 1,005 square feet, 2 bedrooms, built around 1985. The median TopHap Estimate is $196K.

How does Wetmore 49895, MI compare to the rest of Alger County?

By median home value, Wetmore 49895, MI is the 6th most expensive of 9 ZIP codes in Alger County. Its typical home is worth more than 44% of all homes in Alger County. Eben Junction 49825 ranks just above it and Chatham 49816 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Wetmore 49895, MI?

29% of homes in Wetmore 49895, MI are owner-occupied. 20% are held by a company rather than an individual.

How much equity do owners in Wetmore 49895, MI hold?

82% of mortgaged homes in Wetmore 49895, 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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