Michigan

Iron County

ZIP 49920

11,650 residents160 permits TTM$53,614 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$101,500

ACS 5-Year

Cap rate proxy

6.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

11.4%

HUD FMR ÷ ACS HHI

Net migration

+0.22%

IRS SOI

Permits (TTM)

160

Census BPS

Climate risk

55.1

FEMA NRI (0–100)

ZIP 49920

Median home value

$152,880

Gross yield

8.4%

Cap rate

4.0%

Rent gap

52.3%

Affordability

P/I: 2.9R/I:

Section 8 detail

SAFMR: $1,068Rent: $510Gap: 109.4%
ZIP code breakdown6 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
49902$101,500county est.$1,06812.6%6.0%52.3%
49903$101,500county est.$1,06812.6%6.0%52.3%
49915$101,500county est.$1,06812.6%6.0%52.3%
49920$152,880$1,0688.4%4.0%52.3%
49927$101,500county est.$1,06812.6%6.0%52.3%

Ranked by composite score

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Demographics

Owner-occupied

85.3%

Census ACS

Vacancy rate

40.8%

Census ACS

Bachelor's degree +

20.6%

Census ACS

Rent burdened

41.4%

Census ACS (>30% income)

Median age

53.2

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