Michigan
Alpena County
28,908 residents33 permits TTM$51,909 median HHI4 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$137,800
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.3%
HUD FMR ÷ ACS HHI
Net migration
+0.56%
IRS SOI
Permits (TTM)
33
Census BPS
Climate risk
28.3
FEMA NRI (0–100)
ZIP code breakdown4 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 49744 | — | — | — | 5.7% | — |
| 49707 | — | — | — | 4.3% | — |
| 49766 | — | — | — | 3.9% | — |
| 49753 | — | — | — | 3.8% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
79.4%
Census ACS
Vacancy rate
18.8%
Census ACS
Bachelor's degree +
17.7%
Census ACS
Rent burdened
39.0%
Census ACS (>30% income)
Median age
47.6
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 28, 2026