Michigan
Benzie County
ZIP 49628
18,177 residents130 permits TTM$72,603 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$254,400
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.1%
HUD FMR ÷ ACS HHI
Net migration
+1.73%
IRS SOI
Permits (TTM)
130
Census BPS
Climate risk
22.7
FEMA NRI (0–100)
ZIP 49628
Median home value
—
Gross yield
—
Cap rate
4.6%
Rent gap
—
Affordability
P/I: 3.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49628 | — | — | — | 4.6% | — |
| 49683 | — | — | — | 3.9% | — |
| 49616 | — | — | — | 3.7% | — |
| 49643 | — | — | — | 3.3% | — |
| 49650 | — | — | — | 3.0% | — |
Ranked by composite score
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Demographics
Owner-occupied
87.8%
Census ACS
Vacancy rate
39.0%
Census ACS
Bachelor's degree +
34.3%
Census ACS
Rent burdened
34.9%
Census ACS (>30% income)
Median age
50.6
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 16, 2026