ZIP Code Market Report
49720 — Charlevoix, MI
Data through February 2026 · Updated monthly
Avg Home Value
$424,968
▲ 5.4% year-over-year
Month-over-Month
-0.5%
▼ 0.5%
Single Family
$424,164
Condo / Co-op
$398,688
The average home value in the 49720 ZIP code (Charlevoix, MICHIGAN) is $424,968 as of February 2026. Home prices are rising, up 5.4% compared to last year.
A 3-bedroom home in 49720 is valued at $406,121. Single-family homes average $424,164, while condos average $398,688.
The market in 49720 has a $601,676 spread between bottom-tier homes at $260,556 and top-tier homes at $862,232. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Charlevoix County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Charlevoix County report.
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Market Snapshot
49720 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $431,077 | $427,071 | $424,968 | ▼ 1.4% |
| Single Family Value | $416,982 | $421,127 | $424,164 | ▲ 1.7% |
Home Values
49720 Home Value Trend
Historical home values for ZIP code 49720. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 49720
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $343,321 |
| 3 Bedrooms | $406,121 |
| 4 Bedrooms | $570,801 |
Property Types
Home Values by Property Type in 49720
How different property types compare in this ZIP code.
All Homes
$424,968
Single Family
$424,164
Condo / Co-op
$398,688
Bottom Tier
$260,556
Top Tier
$862,232
Data Sources and Methodology
Home value data for ZIP code 49720 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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