Real Estate Investing in Filion, Michigan (48432)
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Should you buy in 48432 (Filion, MI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Filion, MI (48432)?
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Market Analysis: 48432 Filion
Investors eyeing 48432 need to respect the fundamentals at play. Home values of $196K come alongside slower price movement and elevated management overhead.
For an experienced owner, 48432 can be a a solid fit for hunting ground — but the discount at $196K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 48432 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 48432 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 48432 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Filion:
Market Trends
Home Value History (with trend line)
📊 How Does 48432 Compare?
| Metric | 48432 | Filion | Michigan |
|---|---|---|---|
| Home Value | $196,377 | $196,377 | $253,279 |
| 5-Year CAGR | N/A | N/A | 6.8% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48432 (Filion, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,377 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.1%). 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 48432
Population: 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
Frequently Asked Questions
How do experienced investors play Filion, MI?
The best-fit strategy in Filion, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much is rent in Filion, MI?
Rents in Filion, MI run near $1,026/mo. Compared with median home prices of $196K that produces solid gross yields for typical rentals.
How strict are landlord regulations in Filion, MI?
Filion, MI operates under MI law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Do landlords face vacancy issues in Filion, MI?
Rental vacancy in Filion, MI is elevated. Investors should budget normal turnover but not chronic empty units.
Is Filion, MI suited for a house hack?
The a challenging house-hack environment in Filion, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 48432 now. You don’t know where it ranks.
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