Michigan

Manistee County

ZIP 49634

25,247 residents259 permits TTM$60,879 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$166,600

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.2%

HUD FMR ÷ ACS HHI

Net migration

+1.04%

IRS SOI

Permits (TTM)

259

Census BPS

Climate risk

37.2

FEMA NRI (0–100)

ZIP 49634

Median home value

$166,600

Gross yield

7.5%

Cap rate

5.9%

Rent gap

21.8%

Affordability

P/I: 2.7R/I:

Section 8 detail

SAFMR: $1,048Rent: $820Gap: 27.8%
ZIP code breakdown10 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
49613$166,600county est.$1,0487.5%5.9%21.8%
49614$293,432$1,0484.3%3.4%21.8%
49619$207,823$1,0486.1%4.7%21.8%
49625$223,885$1,0485.6%4.4%21.8%
49626$166,600county est.$1,0487.5%5.9%21.8%

Ranked by composite score

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Demographics

Owner-occupied

85.9%

Census ACS

Vacancy rate

34.0%

Census ACS

Bachelor's degree +

23.4%

Census ACS

Rent burdened

48.5%

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