Michigan
Gratiot County
ZIP 48856
41,478 residents39 permits TTM$61,128 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$136,800
ACS 5-Year
Cap rate proxy
7.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.9%
HUD FMR ÷ ACS HHI
Net migration
+1.45%
IRS SOI
Permits (TTM)
39
Census BPS
Climate risk
54.1
FEMA NRI (0–100)
ZIP 48856
Median home value
—
Gross yield
—
Cap rate
7.1%
Rent gap
—
Affordability
P/I: 2.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 48862 | — | — | — | 7.1% | — |
| 48874 | — | — | — | 7.1% | — |
| 48856 | — | — | — | 7.1% | — |
| 48807 | — | — | — | 7.1% | — |
| 48801 | — | — | — | 6.1% | — |
Ranked by composite score
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Demographics
Owner-occupied
78.9%
Census ACS
Vacancy rate
9.6%
Census ACS
Bachelor's degree +
19.0%
Census ACS
Rent burdened
45.2%
Census ACS (>30% income)
Median age
39.7
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