| ZIP Code | 49816 |
|---|---|
| City | Chatham |
| State | Michigan (MI) |
| County | Alger County |
| Area Code | 906 |
| Elevation | 777 ft |
| Latitude | 46.278851 |
|---|---|
| Longitude | -86.909361 |
| Timezone | Detroit (DST) |
| FIPS | 26003 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs ↓ 6% since 2019 |
|---|---|
| Avg Household Size | 2.17 |
| Below Poverty | 6.4% ▼ 36% below avg |
| College Grads | 33.6% ▼ 13% below avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 2 (0.4%) |
| HS Graduate | 220 (42%) |
| Some College | 62 (11.8%) |
| Associates | 64 (12.2%) |
| Bachelors | 66 (12.6%) |
| Graduate Degree | 110 (21%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,583 ≈ Avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $174,100 ▼ 38% below avg ↑ 40% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $683/mo ↑ 25% since 2019 |
| Total Units | 445 |
| Vacant Units | 116 |
| Avg HH Size | 2.17 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 445 |
|---|---|
| Vacant | 116 |
| Owner Occupied | 94.5% |
| Renter Occupied | 5.5% |
| Avg HH Size | 2.17 |
ZIP code 49816 is located in Chatham, Michigan, within Alger County. With a population of 720, this is a sparsely populated ZIP code with a mature community — the median age is 54.7 years. Economically, 49816 is a solidly middle-class ZIP code: the median household income of $74,583 is near the national average.
Real estate in ZIP code 49816 represents an affordable housing market. The median home value of $174,100 is below the national average. Renters can expect to pay around $683 per month in median rent. Homeownership is strong here — 94.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 40% since 2019.
The population of 49816 is primarily White (91.81%). Residents are moderately educated — 33.6% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 6.4%. Household income has grown by 19% since 2019.
The unemployment rate in 49816 stands at 1.0%, which is well below the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 49816 in Chatham, MI is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 720 residents, a median household income of $74,583, and a median home value of $174,100, it offers a clear picture of life in this part of Michigan.