Michigan
Arenac County
15,054 residents33 permits TTM$56,989 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$129,000
ACS 5-Year
Cap rate proxy
6.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.6%
HUD FMR ÷ ACS HHI
Net migration
+1.50%
IRS SOI
Permits (TTM)
33
Census BPS
Climate risk
20.3
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 48658 | $146,698 | $973 | 8.0% | 6.1% | 23.8% |
| 48659 | $162,846 | $973 | 7.2% | 5.5% | 23.8% |
| 48703 | $145,643 | $973 | 8.0% | 6.1% | 23.8% |
| 48749 | $152,050 | $973 | 7.7% | 5.8% | 23.8% |
| 48765 | $129,000county est. | $973 | 9.1% | 6.9% | 23.8% |
Ranked by composite score
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Demographics
Owner-occupied
85.7%
Census ACS
Vacancy rate
32.7%
Census ACS
Bachelor's degree +
15.8%
Census ACS
Rent burdened
40.3%
Census ACS (>30% income)
Median age
50.1
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