Real Estate Investing in Port Austin, Michigan (48467)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48467 (Port Austin, MI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 58.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.1 — 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 Port Austin, MI (48467)?
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Market Analysis: 48467 Port Austin
ZIP 48467 inside Huron County looks affordable on the surface — median value of $263K — but the discount exists for reasons that a careful buyer should understand before committing.
The 48467 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader MI picture, 48467 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 48467 ZIP's population of 2,306 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
leans 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 Port Austin:
Market Trends
Home Value History (with trend line)
📊 How Does 48467 Compare?
| Metric | 48467 | Port Austin | Michigan |
|---|---|---|---|
| Home Value | $262,572 | $262,572 | $253,279 |
| 5-Year CAGR | 7.9% | 7.9% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48467 (Port Austin, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,572 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.6%). 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 48467
Population: 2,306
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 strong are rents in Port Austin, MI?
The typical rental in Port Austin, MI commands about $873/mo monthly. That rent profile stable cash flow against the $263K purchase basis.
What is the typical home price in Port Austin, MI?
In Port Austin, MI the median home value sits at $263K. Against the broader MI market, that reads as reasonable for most investors.
Should investors consider Port Austin, MI?
With a 3.0/5 investability score, Port Austin, MI ranks as a solid market for rental property investors. Median prices of $263K and rents of $873/mo drive the underlying numbers.
How viable is house hacking in Port Austin, MI?
House hacking in Port Austin, MI is a challenging. With home values around $263K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
What type of investing works in Port Austin, MI?
A careful cash-flow rentals with hands-on management strategy Port Austin, MI best. The market produces reliable results for that approach at the $263K price point.
You know 48467 now. You don’t know where it ranks.
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