Michigan

Houghton County

ZIP 49913

37,428 residents99 permits TTM$56,573 median HHI18 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$140,300

ACS 5-Year

Cap rate proxy

6.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.3%

HUD FMR ÷ ACS HHI

Net migration

+0.34%

IRS SOI

Permits (TTM)

99

Census BPS

Climate risk

24.3

FEMA NRI (0–100)

ZIP 49913

Median home value

Gross yield

Cap rate

7.2%

Rent gap

Affordability

P/I: 2.3R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown18 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
499137.2%
499346.6%
499176.6%
499216.6%
499426.6%

Ranked by composite score

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Demographics

Owner-occupied

71.2%

Census ACS

Vacancy rate

24.1%

Census ACS

Bachelor's degree +

36.6%

Census ACS

Rent burdened

48.6%

Census ACS (>30% income)

Median age

32.3

Census ACS

Data sources
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