leelanau-county · Michigan
Leelanau County
ZIP 49674
22,607 residents162 permits TTM$91,943 median HHI10 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$406,900
ACS 5-Year
Cap rate proxy
3.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.0%
HUD FMR ÷ ACS HHI
Net migration
+1.30%
IRS SOI
Permits (TTM)
162
Census BPS
Climate risk
48.3
FEMA NRI (0–100)
ZIP 49674
Median home value
—
Gross yield
—
Buy Box score
—
Section 8 gap
—
Affordability
P/I: 10.7R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 49684 | — | — | — | 5.0% | — |
| 49636 | — | — | — | 3.6% | — |
| 49654 | — | — | — | 3.6% | — |
| 49674 | — | — | — | 3.6% | — |
| 49621 | — | — | — | 2.9% | — |
| 49664 | — | — | — | 2.5% | — |
| 49630 | — | — | — | 2.5% | — |
| 49682 | — | — | — | 2.5% | — |
| 49670 | — | — | — | 2.0% | — |
| 49653 | — | — | — | 1.9% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
90.6%
Census ACS
Vacancy rate
39.6%
Census ACS
Bachelor's degree +
49.9%
Census ACS
Rent burdened
33.1%
Census ACS (>30% income)
Median age
55.3
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