HousingHandbookReference data

U.S. ZIP Code · MI49770

Emmet County

Typical home value

$470,920[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.5%
5-year / yr
+5.4%
10-year / yr
+6.5%

Relative price

vs U.S.
+65.8%
vs metro
vs state
+97.0%
ZIP 49770 location in MI
Location of ZIP 49770 in MI

Price history

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

The typical home in 49770 is worth $470,920. Over the past year, values have risen 8.5%. Homes here rent for a typical $1,350 a month — a 3.4% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
$1,350[2]
Gross yield
3.4%[2]
Cap rate
2.1%[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$4,209[3]

#Climate risk

FEMA National Risk Index ratings for Emmet 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
Relatively Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
18,221[3]
Median household income
$79,590[3]

#Migration

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

Net migration
+35[5]
Moved in
1,053
Moved out
1,018

Schools

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

Public schools
9
Elementary
5
Middle
1
High
2
  • Petoskey High School

    High · Grades 9–12 · Public Schools of Petoskey

    861 students

  • Petoskey Middle School

    Middle · Grades 6–8 · Public Schools of Petoskey

    571 students

  • Sheridan School

    Elementary · Grades K–5 · Public Schools of Petoskey

    259 students

  • Ottawa Elementary School

    Elementary · Grades PK–5 · Public Schools of Petoskey

    242 students

  • Central Elementary School

    Elementary · Grades K–5 · Public Schools of Petoskey

    235 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 yield3.4%
Net yield (after ~40% expenses)2.1%
Annual rent$16,200

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$2,381
Loan principal$376,736
Down payment$94,184
Total interest paid$480,506

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 ratio2.31
Monthly cost to own$3,123
Monthly rent$1,350

Renting is meaningfully cheaper month-to-month.

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 49770?
The typical home in 49770 is worth $470,920, based on the Zillow Home Value Index.
Are home values rising in 49770?
Home values in 49770 are up 8.5% over the past year, and up 5.4% a year over five years.
What is the typical rent in 49770?
A typical home in 49770 rents for about $1,350 a month, a gross rental yield of 3.4%.
What is the property tax rate in 49770?
The effective property tax rate in 49770 is 0.9% — roughly $4,209 a year on a typical home.
Who lives in 49770?
ZIP code 49770 has a population of 18,221 and a median household income of $79,590.

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