Real Estate Investing in Redford, Michigan (48239)
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Should you buy in 48239 (Redford, MI)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Redford, MI (48239)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48239 Redford
The 48239 ZIP in Redford, MI is a local-operator market. Outside capital chasing a $181K entry has to pair deep knowledge with the discount.
For an experienced owner, 48239 can be a a solid fit for hunting ground — but the discount at $181K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 48239 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 48239 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 48239 is an operator game, not a passive one. On the rental side, entry prices of $181K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Redford:
Property Strategy for 48239
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $56,662 | $1,310 | 16.6% | +1.7% | $56,662 |
| 2BR | $123,675 | $1,650 | 9.6% | +7.9% | $61,838 |
| 3BR | $181,859 | $2,020 | 8.0% | +8.1% | $60,620 |
| 4BR | $222,002 | $2,180 | 7.1% | +7.3% | $55,501 |
| 5BR | $235,520 | — | — | +7.5% | $47,104 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48239 Compare?
| Metric | 48239 | Redford | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $181,119 | $169,800 | N/A | $253,279 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.8% |
| Avg Rent | $1,578 | $1,591 | N/A | - |
| Cap Rate | 6.8% | 7.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48239 (Redford, MI). Anonymous, moderated, never written by AI.
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Property managers serving Wayne County
Manage rentals here? List your business →Metro Detroit Property Management manages and maintains properties with high standards, committed to the success of real estate investments in the Metro Detroit area. summary from their website
Michigan Property Management Solutions offers homes for rent in Michigan, near Macomb Twp., Fraser, Utica, Clinton Valley, and Detroit. summary from their website
Premier Property Services offers real estate services in Detroit, Fort Lauderdale, and Grosse Pointe Woods. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $181,119 |
| Monthly Rent | $1,578 |
| Price-to-Rent | 9.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.8% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48239
Population: 37,039
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 48239
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,511 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Redford, MI?
In Redford, MI the median home value sits at $181K. Against the broader MI market, that reads as reasonable for most investors.
How strong is the working-renter base in Redford, MI?
Working renters make up the core of the Redford, MI tenant base. The pool is reasonable for investors targeting long-term holds.
Does a duplex house hack pencil in Redford, MI?
Redford, MI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $181K price point reasonable to enter.
What strategy should investors use in Redford, MI?
For Redford, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is rental property easy to operate in Redford, MI?
For rental operators, Redford, MI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 48239 now. You don’t know where it ranks.
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How 48239 ranks in Detroit-Warren-Dearborn, MI
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