| ZIP Code | 49623 |
|---|---|
| City | Chase |
| State | Michigan (MI) |
| County | Lake County |
| Area Code | 231 |
| Elevation | 1,165 ft |
| Latitude | 43.908889 |
|---|---|
| Longitude | -85.691816 |
| Timezone | Detroit (DST) |
| FIPS | 26085 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.3 yrs |
|---|---|
| Avg Household Size | 2.29 |
| Below Poverty | 14.2% ▲ 42% above avg |
| College Grads | 22.2% ▼ 43% below avg |
| Unemployment | 4.0% ▼ 19% below avg |
| No HS Diploma | 9 (1.1%) |
| HS Graduate | 304 (38.3%) |
| Some College | 191 (24.1%) |
| Associates | 113 (14.2%) |
| Bachelors | 52 (6.6%) |
| Graduate Degree | 124 (15.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,875 ▼ 25% below avg ↑ 35% since 2019 |
|---|---|
| Median Home Value | $119,600 ▼ 57% below avg ↑ 37% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $775/mo ↓ 2% since 2019 |
| Total Units | 789 |
| Vacant Units | 340 |
| Avg HH Size | 2.29 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 789 |
|---|---|
| Vacant | 340 |
| Owner Occupied | 88.9% |
| Renter Occupied | 11.1% |
| Avg HH Size | 2.29 |
ZIP code 49623 is located in Chase, Michigan, within Lake County. With a population of 1,030, this is a sparsely populated ZIP code with a mature community — the median age is 54.3 years. Economically, 49623 is a solidly middle-class ZIP code: the median household income of $56,875 is below the national average.
Real estate in ZIP code 49623 represents one of the more affordable housing markets in the country. The median home value of $119,600 is well below the national average. Renters can expect to pay around $775 per month in median rent. Homeownership is strong here — 88.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 37% since 2019.
The population of 49623 is primarily White (92.14%). Residents are less-educated — 22.2% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 14.2%. Household income has grown by 35% since 2019.
The unemployment rate in 49623 stands at 4.0%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 78%.
Overall, ZIP code 49623 in Chase, MI is characterized as solidly middle-class, less-educated, a mature community, and predominantly owner-occupied. With 1,030 residents, a median household income of $56,875, and a median home value of $119,600, it offers a clear picture of life in this part of Michigan.