49770 Zip Code

April 18, 2024

Zip Code:	49770
City/Town:	Petoskey
State:	Michigan

Population:	16,862
Per Capita Income:	$26,149
Mean Household Income:	$62,749

Total Housing Units:	6,951
Median Home Value:	$138,000
Median Year Homes Built:	1973

Land Area:	109.7 sq miles 284.1 sq kilometers
Water Area:	14.5 sq miles 37.4 sq kilometers

Population Information (49770 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

16,862

Male:

8,220

48.7%

49.2%

Female:

8,642

51.3%

50.8%

Median Age:

40.7 yrs

37.2 yrs

Under 5 years:

947

5.6%

6.5%

5 to 9 years:

1,078

7.1%

6.6%

10 to 19 years:

2,353

14.0%

13.8%

20 to 29 years:

2,003

11.9%

13.8%

30 to 39 years:

1,921

11.4%

13.0%

40 to 49 years:

2,295

13.6%

14.2%

50 to 59 years:

2,667

15.8%

13.6%

60 to 69 years:

1,723

10.2%

9.4%

70 to 79 years:

998

5.9%

5.4%

80 years and over:

877

5.2%

3.7%

Housing Information (49770 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$138,000

$119,600

Median year homes build:

1973

1971

Median real estate taxes:

$1,450 / yr.

$1,334 / yr.

Median rent:

$472 / mo.

$519 / mo.

Total households:

6,951

Family households:

4,464

64.2%

66.4%

Nonfamily households:

2,487

35.8%

33.6%

Households with individuals under 18 years:

2,101

30.2%

33.4%

Households with individuals 65 years and over:

1,789

25.7%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

9,623

Occupied housing units:

6,951

72.2%

88.6%

Vacant housing units:

2,672

27.8%

11.4%

For rent:

341

3.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

185

1.9%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

1,895

19.7%

3.5%

All other vacants:

202

2.1%

2.8%

Homeowner vacancy rate:

3.8%

2.4%

Rental vacancy rate:

12.8%

9.2%

Owner-occupied housing units:

4,645

Population in owner-occupied housing units:

11,736

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

2,306

Population in renter-occupied housing units:

4,780

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (49770 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

10,314

Less than 9th grade:

350

3.4%

6.2%

9th to 12th grade, no diploma:

766

7.4%

8.7%

High school graduate (includes equivalency):

3,003

29.1%

29.0%

Some college, no degree:

2,222

21.5%

20.6%

Associate degree:

959

9.3%

7.5%

Bachelor's degree:

1,871

18.1%

17.6%

Graduate or professional degree:

1,143

11.1%

10.3%

Percent high school graduate or higher:

89.2%

85.0%

Percent bachelor's degree or higher:

29.2%

27.9%

Income Information (49770 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

5,569

33.0%

50.4%

Median income:

$26,994 / yr.

$27,932 / yr.

Full-time, year-round workers:

2,933

17.4%

59.7%

Median income:

$36,917 / yr.

$38,349 / yr.

Females 15 years and over with income:

5,900

35.0%

49.6%

Median income:

$15,705 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,967

11.7%

40.3%

Median income:

$26,219 / yr.

$28,135 / yr.

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