HousingHandbookReference data

U.S. ZIP Code · MI49738

Crawford County

Typical home value

$178,361[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.6%
5-year / yr
+6.2%
10-year / yr
+8.3%

Relative price

vs U.S.
-37.2%
vs metro
vs state
-25.4%
ZIP 49738 location in MI
Location of ZIP 49738 in MI

Price history

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

The typical home in 49738 is worth $178,361. Over the past year, values have risen 4.6%. 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
$1,723[3]

#Climate risk

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

Overall risk
Very Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
9,696[3]
Median household income
$59,708[3]

#Migration

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

Net migration
+81[5]
Moved in
443
Moved out
362

Schools

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

Public schools
5
Elementary
1
Middle
1
High
2
  • Grayling Elementary School

    Elementary · Grades PK–4 · Crawford AuSable Schools

    627 students

  • Grayling High School

    High · Grades 9–12 · Crawford AuSable Schools

    462 students

  • Grayling Middle School

    Middle · Grades 5–8 · Crawford AuSable Schools

    444 students

  • Great Lakes Online Education

    Other · Grades K–12 · Crawford AuSable Schools

    95 students

  • Shawono Center

    High · Grades 6–12 · Michigan Department of Human Services

    28 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$902
Loan principal$142,689
Down payment$35,672
Total interest paid$181,992

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$1,195
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 49738?
The typical home in 49738 is worth $178,361, based on the Zillow Home Value Index.
Are home values rising in 49738?
Home values in 49738 are up 4.6% over the past year, and up 6.2% a year over five years.
What is the property tax rate in 49738?
The effective property tax rate in 49738 is 1.0% — roughly $1,723 a year on a typical home.
Who lives in 49738?
ZIP code 49738 has a population of 9,696 and a median household income of $59,708.

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Pit ZIP 49738 against any other ZIP — full side-by-side table.

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