Escanaba, MI Metro Area - Investment Guide
Metro Area • 8 Cities • 9 ZIP Codes
Avg Home Value
$220,815
Avg Monthly Rent
$1,007
Avg Cap Rate
3.57%
Avg Investability
3.0 ★
Cities
8
ZIP Codes
9
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Escanaba, MI Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
6.4%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Escanaba, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Escanaba, MI
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 49818 | Cornell | MI | $194,090 | $936 | 3.76% | |
| 49878 | Rapid River | MI | $210,014 | $1,269 | 4.71% | |
| 49880 | Rock | MI | $184,692 | $918 | 3.88% | |
| 49829 | Escanaba | MI | $172,217 | $873 | 3.95% | |
| 49835 | Garden | MI | $197,540 | $1,125 | 4.44% | |
| 49895 | Wetmore | MI | $250,660 | $999 | 3.11% | |
| 49807 | Bark River | MI | $230,354 | $990 | 3.35% | |
| 49837 | Gladstone | MI | $201,896 | $981 | 3.79% | |
| 49817 | Rapid River | MI | $232,426 | $972 | 3.26% | |
| 49878 | Rapid River | MI | $193,917 | $1,269 | 5.10% | |
| 49818 | Cornell | MI | $219,229 | $936 | 3.33% | |
| 49880 | Rock | MI | $181,575 | $918 | 3.94% | |
| 49895 | Wetmore | MI | $231,694 | $999 | 3.36% | |
| 49829 | Escanaba | MI | $184,158 | $873 | 3.70% | |
| 49835 | Garden | MI | $221,199 | $1,125 | 3.97% | |
| 49807 | Bark River | MI | $211,515 | $990 | 3.65% | |
| 49817 | Rapid River | MI | $192,546 | $972 | 3.94% | |
| 49837 | Gladstone | MI | $213,918 | $981 | 3.58% | |
| 49818 | Cornell | MI | $194,090 | $936 | 3.76% | |
| 49878 | Rapid River | MI | $209,743 | $1,269 | 4.72% | |
| 49880 | Rock | MI | $182,643 | $918 | 3.92% | |
| 49829 | Escanaba | MI | $172,217 | $873 | 3.95% | |
| 49835 | Garden | MI | $197,540 | $1,125 | 4.44% | |
| 49895 | Wetmore | MI | $247,332 | $999 | 3.15% | |
| 49837 | Gladstone | MI | $201,896 | $981 | 3.79% | |
| 49807 | Bark River | MI | $229,339 | $990 | 3.37% | |
| 49817 | Rapid River | MI | $226,968 | $972 | 3.34% | |
| 49878 | Rapid River | MI | $193,917 | $1,269 | 5.10% | |
| 49818 | Cornell | MI | $214,697 | $936 | 3.40% | |
| 49880 | Rock | MI | $181,575 | $918 | 3.94% | |
| 49895 | Wetmore | MI | $231,694 | $999 | 3.36% | |
| 49829 | Escanaba | MI | $181,627 | $873 | 3.75% | |
| 49835 | Garden | MI | $225,464 | $1,125 | 3.89% | |
| 49807 | Bark River | MI | $236,362 | $990 | 3.27% | |
| 49837 | Gladstone | MI | $210,931 | $981 | 3.63% | |
| 49817 | Rapid River | MI | $234,457 | $972 | 3.23% | |
| 49878 | Rapid River | MI | $210,600 | $1,269 | 4.70% | |
| 49880 | Rock | MI | $193,712 | $918 | 3.70% | |
| 49818 | Cornell | MI | $220,910 | $936 | 3.30% | |
| 49895 | Wetmore | MI | $245,958 | $999 | 3.17% | |
| 49829 | Escanaba | MI | $189,783 | $873 | 3.59% | |
| 49835 | Garden | MI | $230,231 | $1,125 | 3.81% | |
| 49807 | Bark River | MI | $218,378 | $990 | 3.54% | |
| 49817 | Rapid River | MI | $215,099 | $972 | 3.52% | |
| 49837 | Gladstone | MI | $220,000 | $981 | 3.48% | |
| 49818 | Cornell | MI | $205,452 | $936 | 3.55% | |
| 49878 | Rapid River | MI | $217,883 | $1,269 | 4.54% | |
| 49880 | Rock | MI | $186,863 | $918 | 3.83% | |
| 49829 | Escanaba | MI | $173,013 | $873 | 3.94% | |
| 49835 | Garden | MI | $211,083 | $1,125 | 4.16% |
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About Escanaba, MI Real Estate Market
The Escanaba, MI metropolitan statistical area (MSA) encompasses 8 cities and 9 ZIP codes. The average home value across the metro is $220,815, with an average monthly rent of $1,007. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.