Housing market/Michigan/ZIP 49721
ZIP 49721 Cheboygan, Presque Isle County, Michigan
Presque Isle County, MI · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 49721 · MI — sent to you.
ZIP 49721 · MI
ACS rent vs 2BR SAFMR
ZIP 49721 — Cheboygan, MI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 49721
- 1-unit detached7,28285.3%
- 1-unit attached780.9%
- 2–4 units3023.5%
- 5–49 units2613.1%
- 50+ units70.1%
- Mobile6057.1%
2–4 unit share 3.5% · 5–49 unit share 3.1% · combined 2–49 6.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $753 (all bedrooms, occupied rentals).
- Median contract rent $568.
- Renters paying ≥30% of income 45.0%; ≥50% 21.5%.
- FY2027 2BR SAFMR $1,090 (1.448× ACS median gross rent).
Population
13,937 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -2.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 132 units.
- HUD project-based assisted MF: 2 properties, 64 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 49721 16.5% of occupied households are renters; vacancy is 33.1%; ACS median gross rent is $753; population changed -2.2% between the 2018 and 2023 ACS vintages; the housing stock includes 302 units in 2–4-unit structures and 261 units in 5–49-unit structures; 4 LIHTC projects totaling 132 units; FY2027 2BR SAFMR is $1,090 versus ACS median gross rent of $753. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Michigan research
ZIP 49721 is a Census / HUD profile for Presque Isle County, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 49721 — Cheboygan, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 49721?
ZIP 49721 (Presque Isle County, MI) has 13,937 residents, 5,706 households, a renter share of 16.5%, median household income of $60,840, and ACS 2023 median gross rent of $753. Vacancy is 33.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 49721?
ACS counts 116 units in 2-unit buildings, 186 in 3–4 unit buildings, 148 in 5–9, 60 in 10–19, and 53 in 20–49. Combined 2–49 unit stock is 563 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 49721?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,090. See the full schedule and 90–110% payment-standard band on the ZIP 49721 — Cheboygan, MI HUD Section 8 Payment Standards / SAFMR.
Does this Michigan ZIP profile include Georgia listings?
No. ZIP 49721 is Census / HUD research for Presque Isle County, MI. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.