49651 — Lake City, MI Home Values
Typical home value $226,532 as of June 2026 · 7th of 11 in Cadillac, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49651, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49651 compares in the Cadillac, MI area
ZIP code 49651 (Lake City, MI) has a typical home value of $226,532 as of June 2026, ranking 7th of 11 ZIP codes tracked in the Cadillac, MI area, more expensive than about 45% of ZIP codes in the metro. Prices here have moved +9.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +12.7%, from $200,967 in June 2021 to $226,532 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Cadillac, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Cadillac.
Population and demographics
ZIP code 49651 has a population of 7,540, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 93.1% White, 4.1% two or more races, 1% Hispanic or Latino, 0.6% Black or African American, 0.5% Asian, 0.4% American Indian or Alaska Native, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Lake City High School | 251 RUSSELL ST, LAKE CITY, MI | 6.7 mi |
| Lake City Middle School | 251 RUSSELL ST, LAKE CITY, MI | 6.7 mi |
| Lake City Elementary School | 5534 W DAVIS RD, LAKE CITY, MI | 6.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49651?
$226,532 as of June 2026, the latest month Zillow has published observed data for.
Is 49651 an expensive ZIP code in the Cadillac, MI area?
49651 ranks 7th of 11 ZIP codes in the Cadillac, MI area by typical home value, more expensive than about 45% of ZIP codes in the metro.
How much have home values in 49651 changed over the past year?
+9.3% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 49651?
7,540, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49651?
Lake City High School (6.7 mi), Lake City Middle School (6.7 mi), Lake City Elementary School (6.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49651?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Cadillac, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.