Michigan

Lake County

ZIP 49304

12,393 residents30 permits TTM$49,680 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$122,900

ACS 5-Year

Cap rate proxy

8.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.8%

HUD FMR ÷ ACS HHI

Net migration

+2.03%

IRS SOI

Permits (TTM)

30

Census BPS

Climate risk

22.0

FEMA NRI (0–100)

ZIP 49304

Median home value

Gross yield

Buy Box score

0.9

Section 8 gap

Affordability

P/I: 2.8R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown5 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
493040.9
496560.9
496440.8
494020.8
496230.8

Sort by any column. Click a ZIP for detail.

Demographics

Owner-occupied

81.2%

Census ACS

Vacancy rate

63.3%

Census ACS

Bachelor's degree +

12.5%

Census ACS

Rent burdened

46.2%

Census ACS (>30% income)

Median age

50.3

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