HousingHandbookReference data

U.S. ZIP Code · MI49707

Alpena County

Typical home value

$191,966[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+7.0%
5-year / yr
+7.5%
10-year / yr
+6.0%

Relative price

vs U.S.
-32.4%
vs metro
vs state
-19.7%
ZIP 49707 location in MI
Location of ZIP 49707 in MI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49707 is worth $191,966. Over the past year, values have risen 7.0%. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.0%[3]
Typical annual tax
$2,006[3]

#Climate risk

FEMA National Risk Index ratings for Alpena County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Relatively Low
Coastal flood
Very Low
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
21,881[3]
Median household income
$51,396[3]

#Migration

Household moves in and out of Alpena County over a year, from IRS tax-return data.

Net migration
+76[5]
Moved in
611
Moved out
535

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
4
Middle
1
High
2
  • Alpena High School

    High · Grades 8–12 · Alpena Public Schools

    1,096 students

  • Thunder Bay Junior High School

    Middle · Grades 6–8 · Alpena Public Schools

    803 students

  • Besser Elementary School

    Elementary · Grades K–5 · Alpena Public Schools

    493 students

  • Ella M White Elementary

    Elementary · Grades K–5 · Alpena Public Schools

    453 students

  • Hinks Elementary

    Elementary · Grades K–5 · Alpena Public Schools

    138 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$971
Loan principal$153,573
Down payment$38,393
Total interest paid$195,873

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,299
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 49707?
The typical home in 49707 is worth $191,966, based on the Zillow Home Value Index.
Are home values rising in 49707?
Home values in 49707 are up 7.0% over the past year, and up 7.5% a year over five years.
What is the property tax rate in 49707?
The effective property tax rate in 49707 is 1.0% — roughly $2,006 a year on a typical home.
Who lives in 49707?
ZIP code 49707 has a population of 21,881 and a median household income of $51,396.

Compare ZIPs

Pit ZIP 49707 against any other ZIP — full side-by-side table.

Compare 49707

#Jump to section