| ZIP Code | 49893 |
|---|---|
| City | Wallace |
| State | Michigan (MI) |
| County | Menominee County |
| Area Code | 906 |
| Elevation | 651 ft |
| Latitude | 45.297038 |
|---|---|
| Longitude | -87.605155 |
| Timezone | Detroit (DST) |
| FIPS | 26109 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 57.1 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.19 |
| Below Poverty | 8.3% ▼ 17% below avg |
| College Grads | 29.4% ▼ 24% below avg |
| Unemployment | 3.5% ▼ 28% below avg |
| No HS Diploma | 2 (0.2%) |
| HS Graduate | 440 (42.4%) |
| Some College | 125 (12%) |
| Associates | 166 (16%) |
| Bachelors | 114 (11%) |
| Graduate Degree | 191 (18.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $63,438 ▼ 17% below avg ↑ 21% since 2019 |
|---|---|
| Median Home Value | $176,700 ▼ 37% below avg ↑ 32% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $742/mo ↑ 31% since 2019 |
| Total Units | 775 |
| Vacant Units | 181 |
| Avg HH Size | 2.19 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 775 |
|---|---|
| Vacant | 181 |
| Owner Occupied | 94.8% |
| Renter Occupied | 5.2% |
| Avg HH Size | 2.19 |
ZIP code 49893 is located in Wallace, Michigan, within Menominee County. With a population of 1,307, this is a sparsely populated ZIP code with an older community — the median age is 57.1 years. Economically, 49893 is a solidly middle-class ZIP code: the median household income of $63,438 is below the national average.
Real estate in ZIP code 49893 represents an affordable housing market. The median home value of $176,700 is below the national average. Renters can expect to pay around $742 per month in median rent. Homeownership is strong here — 94.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 32% since 2019.
The population of 49893 is primarily White (92.35%). Residents are moderately educated — 29.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 8.3%. Household income has grown by 21% since 2019.
The unemployment rate in 49893 stands at 3.5%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 84%.
Overall, ZIP code 49893 in Wallace, MI is characterized as solidly middle-class, moderately educated, an older community, and predominantly owner-occupied. With 1,307 residents, a median household income of $63,438, and a median home value of $176,700, it offers a clear picture of life in this part of Michigan.