emmet-county · Michigan

Emmet County

ZIP 49701

34,159 residents133 permits TTM$73,724 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$275,300

ACS 5-Year

Cap rate proxy

4.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.8%

HUD FMR ÷ ACS HHI

Net migration

+1.36%

IRS SOI

Permits (TTM)

133

Census BPS

Climate risk

38.1

FEMA NRI (0–100)

ZIP 49701

Median home value

Gross yield

Cap rate

4.0%

Rent gap

Affordability

P/I: 4.2R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown10 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
497014.0%
497064.2%
497164.5%
497184.5%
497224.5%

Ranked by composite score

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Demographics

Owner-occupied

76.8%

Census ACS

Vacancy rate

33.3%

Census ACS

Bachelor's degree +

40.2%

Census ACS

Rent burdened

36.0%

Census ACS (>30% income)

Median age

46.4

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