Real Estate Investing in South Range, Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 621 • Houghton County

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Should you buy in South Range, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 17.9% of homes vacant — above national norms.

What’s happening in South Range, MI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $161,717
Avg Monthly Rent $873
ZIP Codes 1

Investing in South Range Real Estate

Across South Range's 1 ZIPs, the picture is lackluster: $162K median values, $873/mo rents, and a population that has faced real economic pressure.

decisively South Range's aggregate rating of ★★★☆☆ reflects tepid investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Transaction volume in South Range has thinned in a way that amplifies price discovery risk. Put differently, investors without local context should treat every number on the page with skepticism.

Demographics in South Range show real pressure — median income of $N/AK is modest relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Houghton, MI

South Range is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$161,717
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (MI)

📉 Market Crash Risk Index

Based on Houghton, MI metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Houghton, MI metro
0
Days to pending
9.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in South Range, MI

Screen every ZIP in South Range

Filter South Range’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About South Range, MI

Is South Range, MI good for house hacking?

The house hack math a challenging in South Range, MI. Owner-occupant buyers benefit from the $873/mo rents and $162K home values.

What is the smart move for investors in South Range, MI?

Most investors in South Range, MI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

What is the average monthly rent in South Range, MI?

Expect rents around $873/mo per month in South Range, MI. With home values at $162K, the yield math works out to reasonable levels for rental investors.

What is it like being a landlord in South Range, MI?

MI law landlord-friendly for landlords, and South Range inherits those rules. Investors should still review local ordinances for rental licensing.

Where do home prices stand in South Range, MI?

South Range, MI median home values land near $162K. That is reasonable territory for investors looking at $873/mo-per-month rentals.

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