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Wells 49894

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$163K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Housing Stock

HomesHow many homes we have records for in this area.336
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$163K
Median sizeThe middle home size here, measured in square feet.4,382 ft²
Median bedroomsThe middle bedroom count for homes here.6
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.78%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.2%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.84%
Company ownedThe share of homes owned by a company or trust instead of a person.19%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.31%
Typical ownership tenureHow long the typical owner here has held their home.24.8 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.68
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.77
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.10

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.95%
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.20%
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.671
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.535 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$56K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$72K
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.28 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

How Wells 49894 compares

By median home value, Wells 49894 is the 8th most expensive of 9 ZIP codes in Delta County, and its typical home is worth more than 25% of all homes in Delta County.

Home values in Wells 49894

Share of homes at each estimated value.

Median
$63K$422K
ZIP codes in Delta County ranked by median home value
#Delta CountyMedian valueHomes
1Cornell 49818$291K757
2Rapid River 49878$248K2,985
3Gladstone 49837$237K4,559
4Bark River 49807$229K1,655
5Perkins 49872$222K147
6Rock 49880$213K942
7Escanaba 49829$199K6,838
8Wells 49894$163K336
9Garden 49835$153K814

About the Wells 49894 market

How many homes are there in Wells 49894, MI?

Wells 49894, MI contains 336 residential properties, with a median of 4,382 square feet, 6 bedrooms. The median TopHap Estimate is $163K.

How does Wells 49894, MI compare to the rest of Delta County?

By median home value, Wells 49894, MI is the 8th most expensive of 9 ZIP codes in Delta County. Its typical home is worth more than 25% of all homes in Delta County. Escanaba 49829 ranks just above it and Garden 49835 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Wells 49894, MI?

84% of homes in Wells 49894, MI are owner-occupied. 19% are held by a company rather than an individual.

How much equity do owners in Wells 49894, MI hold?

78% of mortgaged homes in Wells 49894, MI are equity-rich, meaning the loan balance is under half the home's value. 1.2% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Wells 49894 on the map

See every recorded sale, price heat map, school zone and flood overlay across Wells 49894 in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
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