ZIP Code Market Report
49718 — Carp Lake, MI
Data through February 2026 · Updated monthly
Avg Home Value
$260,769
▲ 9.1% year-over-year
Month-over-Month
+1.4%
▲ 1.4%
Single Family
$253,874
Condo / Co-op
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The average home value in the 49718 ZIP code (Carp Lake, MICHIGAN) is $260,769 as of February 2026. Home prices are rising, up 9.1% compared to last year.
The market in 49718 has a $259,337 spread between bottom-tier homes at $150,521 and top-tier homes at $409,858. 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 Emmet County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Emmet County report.
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Market Snapshot
49718 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 | $252,537 | $257,129 | $260,769 | ▲ 3.3% |
| Single Family Value | $244,300 | $248,594 | $253,874 | ▲ 3.9% |
Home Values
49718 Home Value Trend
Historical home values for ZIP code 49718. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 49718
How different property types compare in this ZIP code.
All Homes
$260,769
Single Family
$253,874
Bottom Tier
$150,521
Top Tier
$409,858
Data Sources and Methodology
Home value data for ZIP code 49718 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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