Michigan
Gogebic County
ZIP 49968
14,348 residents34 permits TTM$49,672 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$99,700
ACS 5-Year
Cap rate proxy
6.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.9%
HUD FMR ÷ ACS HHI
Net migration
+0.40%
IRS SOI
Permits (TTM)
34
Census BPS
Climate risk
25.6
FEMA NRI (0–100)
ZIP 49968
Median home value
$98,377
Gross yield
11.9%
Cap rate
7.0%
Rent gap
40.7%
Affordability
P/I: 2.0R/I: —
Section 8 detail
SAFMR: $973Rent: $577Gap: 68.6%
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49911 | $107,266 | $973 | 10.9% | 6.5% | 40.7% |
| 49938 | $100,441 | $973 | 11.6% | 6.9% | 40.7% |
| 49947 | $99,700county est. | $973 | 11.7% | 6.9% | 40.7% |
| 49959 | $99,700county est. | $973 | 11.7% | 6.9% | 40.7% |
| 49968 | $98,377 | $973 | 11.9% | 7.0% | 40.7% |
Ranked by composite score
Compare all ZIPs in Gogebic County
See all 6 ZIPs ranked by yield and cap rate
Compare yields, cap rates, rent gaps, and affordability across every ZIP. Free account.
- Sortable table — sort by yield, rent gap, affordability
- Drill into any ZIP for full detail
- Save markets and weekly market digest
Free · No credit card · No spam
1
ZIP comparison table. Showing 5 of 6 ZIPs. Sign up to see all.
Demographics
Owner-occupied
80.8%
Census ACS
Vacancy rate
32.3%
Census ACS
Bachelor's degree +
21.9%
Census ACS
Rent burdened
39.3%
Census ACS (>30% income)
Median age
51.3
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