Detroit-Warren-Dearborn, MI · Michigan
Lapeer County
ZIP 48461
88,703 residents167 permits TTM$76,228 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$229,100
ACS 5-Year
Cap rate proxy
7.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.1%
HUD FMR ÷ ACS HHI
Net migration
+2.09%
IRS SOI
Permits (TTM)
167
Census BPS
Climate risk
66.4
FEMA NRI (0–100)
ZIP 48461
Median home value
$253,049
Gross yield
5.0%
Cap rate
4.5%
Rent gap
9.5%
Affordability
P/I: 3.3R/I: —
Section 8 detail
SAFMR: $1,060Rent: $959Gap: 10.5%
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 48760 | $79,593 | $1,080 | 16.3% | 14.5% | 11.2% |
| 48440 | $229,100county est. | $1,300 | 6.8% | 5.0% | 26.2% |
| 48727 | $196,083 | $1,060 | 6.5% | 5.9% | 9.5% |
| 48464 | $224,865 | $1,090 | 5.8% | 5.1% | 12.0% |
| 48412 | $288,332 | $1,460 | 6.1% | 4.0% | 34.3% |
Ranked by composite score
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Demographics
Owner-occupied
86.0%
Census ACS
Vacancy rate
6.8%
Census ACS
Bachelor's degree +
19.8%
Census ACS
Rent burdened
44.8%
Census ACS (>30% income)
Median age
44.6
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