Real Estate Investing in Durand, Michigan (48429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48429 (Durand, 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.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Durand, MI (48429)?
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Market Analysis: 48429 Durand
The 48429 ZIP covers a section of Durand that demands careful diligence. Prices near $202K look accessible, but the work to make a deal cash flow is real.
The investment case in 48429 is resilient only for operators who understand what they are buying. A $202K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Durand have seen price recovery that 48429 has not matched. Shiawassee County data supports the view that the spread is structural rather than temporary.
Put differently, 8,109 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. notable returns are possible in 48429, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Durand:
Property Strategy for 48429
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,834 | $970 | 5.0% | +7.8% | $69,917 |
| 3BR | $183,668 | $1,300 | 5.1% | +6.5% | $61,223 |
| 4BR | $216,657 | $1,430 | 4.8% | +5.8% | $54,164 |
Market Trends
Home Value History (with trend line)
📊 How Does 48429 Compare?
| Metric | 48429 | Durand | Lansing-East Lansing, MI | Michigan |
|---|---|---|---|---|
| Home Value | $202,145 | $202,145 | N/A | $253,279 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 48429 (Durand, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,145 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.4%). 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 48429
Population: 8,109
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 48429
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Shiawassee RESD College and Career Readiness Center
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
Where do home prices stand in Durand, MI?
Durand, MI median home values land near $202K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
What is the typical renter like in Durand, MI?
Tenant quality in Durand, MI ranks as solid. Landlords generally report steady occupancy at market rents of $873/mo.
Is real estate in Durand, MI a good investment right now?
Durand, MI scores 3.0/5 for investability. Home values sit at $202K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is rental property easy to operate in Durand, MI?
Landlord-friendliness in Durand, MI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are there empty rentals in Durand, MI?
Durand, MI sees elevated vacancy, which is reasonable relative to the broader MI rental market.
You know 48429 now. You don’t know where it ranks.
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How 48429 ranks in Lansing-East Lansing, MI
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