Rental numbers for the Sault Ste. Marie, MI metro
The typical home here runs -$340 a month at 7.78% with 25% down, breaking even at about 4.2%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 9.8%.
- Gross yield
- 8.2%
- typical home, Zillow
- Median ZIP yield
- 9.8%
- 1 ZIPs with full data
- Cash flow
- -$340/mo
- at 7.78%, 25% down
- Typical price
- $197,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,350/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
13 with published figures
| 49788Kincheloe | $103,000 | $1,090* | 12.7% | 7.4% | +$77 | n/a |
| 49783Sault Sainte Marie | $196,000 | $1,600 | 9.8% | 5.4% | -$170 | n/a |
| 49760Moran | $222,000 | $1,400* | 7.5% | 4.1% | -$446 | n/a |
| 49780Rudyard | $182,000 | $1,140* | 7.5% | 3.7% | -$415 | n/a |
| 49736Goetzville | $180,000 | $1,070* | 7.1% | 3.4% | -$460 | n/a |
| 49793Trout Lake | $194,000 | $1,100* | 6.8% | 2.9% | -$581 | n/a |
| 49774Pickford | $205,000 | $1,060* | 6.2% | 2.6% | -$662 | n/a |
| 49768Paradise | $215,000 | $1,070* | 6.0% | 2.6% | -$684 | n/a |
| 49710Barbeau | $216,000 | $1,070* | 5.9% | 2.4% | -$731 | n/a |
| 49725De Tour Village | $212,000 | $1,050* | 5.9% | 2.7% | -$674 | n/a |
| 49724Dafter | $234,000 | $1,070* | 5.5% | 2.1% | -$846 | n/a |
| 49726Drummond Island | $245,000 | $1,060* | 5.2% | 2.1% | -$887 | n/a |
| 49715Brimley | $231,000 | $970* | 5.0% | 1.7% | -$914 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +7.7%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.11%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $164,624 | n/a |
| Aug 2022 | $176,964 | n/a |
| Aug 2023 | $185,560 | n/a |
| Aug 2024 | $186,652 | n/a |
| Aug 2025 | $183,129 | n/a |
| Aug 2026 | $197,233 | $1,350 |
Counties
- Chippewa County, MI9.8% median yield
- Mackinac County, MIn/a median yield
Tools
Test a listing in the Sault Ste. Marie, MI area against today's rate.
Open the calculatorQuestions
- Is the Sault Ste. Marie, MI metro good for rental property?
- The typical home here runs -$340 a month at 7.78% with 25% down, breaking even at about 4.2%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 9.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Sault Ste. Marie, MI metro have the highest rental yield?
- 49783 (Sault Sainte Marie) at 9.8%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.