Michigan
Osceola County
ZIP 49631
23,122 residents0 permits TTM$57,050 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$139,600
ACS 5-Year
Cap rate proxy
6.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.1%
HUD FMR ÷ ACS HHI
Net migration
+1.60%
IRS SOI
Permits (TTM)
0
Census BPS
Climate risk
23.9
FEMA NRI (0–100)
ZIP 49631
Median home value
$183,992
Gross yield
6.4%
Cap rate
5.0%
Rent gap
22.3%
Affordability
P/I: 3.2R/I: —
Section 8 detail
SAFMR: $983Rent: $764Gap: 28.7%
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49631 | $183,992 | $983 | 6.4% | 5.0% | 22.3% |
| 49639 | $194,462 | $983 | 6.1% | 4.7% | 22.3% |
| 49655 | $197,509 | $983 | 6.0% | 4.6% | 22.3% |
| 49665 | $179,938 | $983 | 6.6% | 5.1% | 22.3% |
| 49677 | $190,684 | $983 | 6.2% | 4.8% | 22.3% |
Ranked by composite score
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Demographics
Owner-occupied
83.7%
Census ACS
Vacancy rate
28.2%
Census ACS
Bachelor's degree +
16.4%
Census ACS
Rent burdened
35.3%
Census ACS (>30% income)
Median age
43.8
Census ACS
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