HousingHandbookReference data

U.S. ZIP Code · MI49916

Houghton County

Typical home value

$270,479[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+11.7%
5-year / yr
+8.0%
10-year / yr
+6.5%

Relative price

vs U.S.
-4.8%
vs metro
vs state
+13.1%
ZIP 49916 location in MI
Location of ZIP 49916 in MI

Price history

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

The typical home in 49916 is worth $270,479. Over the past year, values have risen 11.7%. 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
$2,830[3]

#Climate risk

FEMA National Risk Index ratings for Houghton 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
Very Low
Heat wave
Very Low
Hurricane
No Rating
Tornado
Very Low
Earthquake
No Rating
Winter weather
Relatively High

#Who lives here

Population
2,865[3]
Median household income
$74,625[3]

#Migration

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

Net migration
-208[5]
Moved in
753
Moved out
961

Schools

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

Public schools
1
Elementary
0
Middle
0
High
0
  • Chassell K12 School

    Other · Grades PK–12 · Chassell Township School District

    196 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$1,368
Loan principal$216,383
Down payment$54,096
Total interest paid$275,985

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$1,830
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 49916?
The typical home in 49916 is worth $270,479, based on the Zillow Home Value Index.
Are home values rising in 49916?
Home values in 49916 are up 11.7% over the past year, and up 8.0% a year over five years.
What is the property tax rate in 49916?
The effective property tax rate in 49916 is 1.0% — roughly $2,830 a year on a typical home.
Who lives in 49916?
ZIP code 49916 has a population of 2,865 and a median household income of $74,625.

Compare ZIPs

Pit ZIP 49916 against any other ZIP — full side-by-side table.

Compare 49916

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