Real Estate Investing in Highland, Michigan (48357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48357 (Highland, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Highland, MI (48357)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48357 Highland
ZIP 48357 inside Oakland County looks affordable on the surface — median value of $406K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 48357 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 48357 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 48357 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Highland:
Property Strategy for 48357
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,197 | $1,270 | 4.0% | +4.6% | $114,098 |
| 3BR | $351,235 | $1,550 | 3.2% | +6.7% | $117,078 |
| 4BR | $539,915 | $1,680 | 2.2% | +7.3% | $134,979 |
| 5BR | $664,494 | — | — | +7.8% | $132,899 |
Market Trends
Home Value History (with trend line)
📊 How Does 48357 Compare?
| Metric | 48357 | Highland | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $405,890 | $392,484 | N/A | $253,279 |
| 5-Year CAGR | 4.8% | 4.9% | N/A | 6.8% |
| Avg Rent | $1,143 | $1,112 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 48357 (Highland, MI). Anonymous, moderated, never written by AI.
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Property managers serving Oakland County
Manage rentals here? List your business →Symmetry Management specializes in commercial real estate management. summary from their website
Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Great Day Realty is a real estate company. 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 | $405,890 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 48357
Population: 8,523
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 48357
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Spring Mills Elementary School
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
Frequently Asked Questions
How expensive is real estate in Highland, MI?
Median home price in Highland, MI is near $406K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What type of investing works in Highland, MI?
A careful cash-flow rentals with hands-on management strategy Highland, MI best. The market produces even-keeled results for that approach at the $406K price point.
What do rentals go for in Highland, MI?
Rental rates in Highland, MI average $1,143/mo. Tenant demand and $406K home values make the yield look reasonable by investor standards.
Should investors worry about vacancy in Highland, MI?
Vacancy in Highland, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,143/mo.
Is Highland, MI a friendly market for rental owners?
Highland, MI falls under MI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 48357 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48357 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 48357 ranks in Detroit-Warren-Dearborn, MI
Every ZIP in this metro, ranked. Free.
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