Michigan

Ontonagon County

ZIP 49912

5,870 residents15 permits TTM$51,844 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$101,000

ACS 5-Year

Cap rate proxy

6.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.2%

HUD FMR ÷ ACS HHI

Net migration

IRS SOI

Permits (TTM)

15

Census BPS

Climate risk

4.2

FEMA NRI (0–100)

ZIP 49912

Median home value

$101,000

Gross yield

11.6%

Cap rate

6.8%

Rent gap

41.3%

Affordability

P/I: 1.9R/I:

Section 8 detail

SAFMR: $973Rent: $571Gap: 70.4%
ZIP code breakdown8 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
49910$101,000county est.$97311.6%6.8%41.3%
49912$101,000county est.$97311.6%6.8%41.3%
49925$101,000county est.$97311.6%6.8%41.3%
49929$101,000county est.$97311.6%6.8%41.3%
49948$101,000county est.$97311.6%6.8%41.3%

Ranked by composite score

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Demographics

Owner-occupied

87.3%

Census ACS

Vacancy rate

43.3%

Census ACS

Bachelor's degree +

16.7%

Census ACS

Rent burdened

31.4%

Census ACS (>30% income)

Median age

59.4

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