Michigan

Schoolcraft County

ZIP 49840

8,093 residents13 permits TTM$57,708 median HHI4 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$123,500

ACS 5-Year

Cap rate proxy

6.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.6%

HUD FMR ÷ ACS HHI

Net migration

IRS SOI

Permits (TTM)

13

Census BPS

Climate risk

6.7

FEMA NRI (0–100)

ZIP 49840

Median home value

$123,500

Gross yield

9.5%

Cap rate

6.4%

Rent gap

32.8%

Affordability

P/I: 3.5R/I:

Section 8 detail

SAFMR: $973Rent: $654Gap: 48.8%
ZIP code breakdown4 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
49836$123,500county est.$9739.5%6.4%32.8%
49840$123,500county est.$9739.5%6.4%32.8%
49883$123,500county est.$9739.5%6.4%32.8%
49854$181,567$9736.4%4.3%32.8%

Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.

Demographics

Owner-occupied

85.4%

Census ACS

Vacancy rate

35.7%

Census ACS

Bachelor's degree +

20.7%

Census ACS

Rent burdened

48.3%

Census ACS (>30% income)

Median age

52.1

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