Michigan
Hillsdale County
ZIP 49232
45,658 residents90 permits TTM$60,869 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$170,500
ACS 5-Year
Cap rate proxy
5.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.8%
HUD FMR ÷ ACS HHI
Net migration
+1.14%
IRS SOI
Permits (TTM)
90
Census BPS
Climate risk
50.0
FEMA NRI (0–100)
ZIP 49232
Median home value
—
Gross yield
—
Cap rate
4.1%
Rent gap
—
Affordability
P/I: 3.9R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49288 | — | — | — | 7.1% | — |
| 49258 | — | — | — | 5.6% | — |
| 49282 | — | — | — | 5.6% | — |
| 49262 | — | — | — | 5.6% | — |
| 49252 | — | — | — | 5.5% | — |
Ranked by composite score
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Demographics
Owner-occupied
81.0%
Census ACS
Vacancy rate
16.9%
Census ACS
Bachelor's degree +
20.6%
Census ACS
Rent burdened
35.2%
Census ACS (>30% income)
Median age
42.8
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