Latest available · Census ACS 5-Year (2023)
What Is the Average Rent in ZCTA5 49902, Michigan?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 49902, Michigan (ZIP 49902) is $633/month (±$408), based on Census ACS 5-Year estimates (2023). The median home value is $33,300 (±$13,907), and the median household income is $38,879/year. The unemployment rate in Iron County, Michigan was 7.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2023 5-Year Estimates.
Housing Metrics for ZIP 49902
| Metric | Value |
|---|---|
| Median Gross Rent | $633 |
| Median Home Value | $33,300 |
| Median Household Income | $38,879 |
| Total Housing Units | 122 |
| Renter-Occupied Units | 16 |
| Renter-Occupied Share | 13% |
| Households Paying 50%+ Income | 2 households |
| Unemployment Rate(April 2026) | 7.9% |
How does ZIP 49902 compare?
Median gross rent ranked against all ZIP codes in Michigan.
Higher rent than 4% of ZIP codes in Michigan · 820th of 856
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 48374 | $2,849 |
| 2 | ZCTA5 48025 | $2,397 |
| 3 | ZCTA5 48070 | $2,266 |
| … 816 more … | ||
| 820 | ZCTA5 49902(you are here) | $633 |
| … 33 more … | ||
| 854 | ZCTA5 49896 | $418 |
| 855 | ZCTA5 48157 | $397 |
| 856 | ZCTA5 49903 | $333 |
Geography
ZIP 49902 is in Iron County, Michigan.
It covers part of Alpha village city, Michigan.
More data for ZCTA5 49902
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Frequently asked questions
What is the average rent in ZCTA5 49902, Michigan?
The median gross rent in ZCTA5 49902, Michigan (ZIP 49902) is $633/month, based on Census ACS 5-Year estimates (2023). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the average rent for a 2-bedroom in ZCTA5 49902, Michigan?
The median rent for a 2-bedroom in ZCTA5 49902, Michigan is not available based on Census ACS 5-Year estimates (2023). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2023.
What is the median home value in ZCTA5 49902, Michigan?
The median home value in ZCTA5 49902, Michigan (ZIP 49902) is $33,300 according to Census ACS 5-Year estimates (2023).
What percentage of renters in ZCTA5 49902 are rent-burdened?
In ZCTA5 49902, Michigan, 2 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 49902, Michigan?
The median household income in ZCTA5 49902, Michigan is $38,879/year according to Census ACS 5-Year estimates (2023).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $633 has a margin of error of ±$408. In very small areas, MOEs can be large relative to the estimate.
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