Michigan
Alcona County
ZIP 48738
10,310 residents38 permits TTM$53,568 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$157,500
ACS 5-Year
Cap rate proxy
6.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.7%
HUD FMR ÷ ACS HHI
Net migration
+1.97%
IRS SOI
Permits (TTM)
38
Census BPS
Climate risk
17.7
FEMA NRI (0–100)
ZIP 48738
Median home value
—
Gross yield
—
Buy Box score
0.7
Section 8 gap
—
Affordability
P/I: 4.3R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 48737 | — | — | — | 1.0 | — |
| 48745 | — | — | — | 0.9 | — |
| 48742 | — | — | — | 0.9 | — |
| 48762 | — | — | — | 0.8 | — |
| 48740 | — | — | — | 0.8 | — |
| 48738 | — | — | — | 0.7 | — |
| 49747 | — | — | — | 0.7 | — |
| 48705 | — | — | — | — | — |
| 48721 | — | — | — | — | — |
| 48728 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
89.6%
Census ACS
Vacancy rate
50.6%
Census ACS
Bachelor's degree +
20.6%
Census ACS
Rent burdened
36.0%
Census ACS (>30% income)
Median age
59.7
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