allegan-county · Michigan
Allegan County
ZIP 49406
120,913 residents419 permits TTM$80,255 median HHI15 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$247,000
ACS 5-Year
Cap rate proxy
5.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.9%
HUD FMR ÷ ACS HHI
Net migration
+2.14%
IRS SOI
Permits (TTM)
419
Census BPS
Climate risk
68.5
FEMA NRI (0–100)
ZIP 49406
Median home value
—
Gross yield
—
Cap rate
5.2%
Rent gap
—
Affordability
P/I: 7.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown15 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49450 | — | — | — | 7.6% | — |
| 49335 | — | — | — | 5.2% | — |
| 49078 | — | — | — | 4.9% | — |
| 49010 | — | — | — | 4.7% | — |
| 49348 | — | — | — | 5.4% | — |
Ranked by composite score
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Demographics
Owner-occupied
86.1%
Census ACS
Vacancy rate
13.9%
Census ACS
Bachelor's degree +
26.1%
Census ACS
Rent burdened
38.5%
Census ACS (>30% income)
Median age
40.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026