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Boon 49618

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$108K
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.
-25.3%
1-yr changeHow much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.
11
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$173K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2019 · 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
OctAprJulJan
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
OctAprJulJan
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
OctAprJulJan
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
OctAprJulJan
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
OctAprJulJan
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
2018201920222026

Housing Stock

HomesHow many homes we have records for in this area.446
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$173K
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.79%
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.77%
Company ownedThe share of homes owned by a company or trust instead of a person.11%
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.113
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.84
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

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.78%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
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.929
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.25 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$65K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$78K
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

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 Boon 49618 compares

By median home value, Boon 49618 is the 3rd most expensive of 6 ZIP codes in Wexford County, and its typical home is worth more than 55% of all homes in Wexford County.

Home values in Boon 49618

Share of homes at each estimated value.

Median
$56K$433K
ZIP codes in Wexford County ranked by median home value
#Wexford CountyMedian valueHomes
1Buckley 49620$196K1,305
2Cadillac 49601$178K9,959
3Boon 49618$173K446
4Harrietta 49638$146K668
5Manton 49663$138K2,921
6Mesick 49668$134K2,141

About the Boon 49618 market

What is the median home price in Boon 49618, MI?

The median sale price in Boon 49618, MI is $107,950 (data through October 2019), based on deeds recorded with the county. That is down 25.3% from a year earlier.

How many homes sell in Boon 49618, MI each year?

11 homes sold in Boon 49618, MI over the last 12 months (data through October 2019). 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 Boon 49618, MI?

Boon 49618, MI contains 446 residential properties. The median TopHap Estimate is $173K.

How does Boon 49618, MI compare to the rest of Wexford County?

By median home value, Boon 49618, MI is the 3rd most expensive of 6 ZIP codes in Wexford County. Its typical home is worth more than 55% of all homes in Wexford County. Cadillac 49601 ranks just above it and Harrietta 49638 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Boon 49618, MI?

77% of homes in Boon 49618, MI are owner-occupied. 11% are held by a company rather than an individual.

How much equity do owners in Boon 49618, MI hold?

79% of mortgaged homes in Boon 49618, 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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See every recorded sale, price heat map, school zone and flood overlay across Boon 49618 in TopHap’s interactive 3D map.

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