Real Estate Investing in Harrison, Michigan (48625)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48625 (Harrison, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 52.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrison, MI (48625)?
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Market Analysis: 48625 Harrison
This part of Clare County is not an easy win. The 48625 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $134K asset, 48625 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader MI picture, 48625 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 48625 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 48625 is an operator game, not a passive one. Put differently, entry prices of $134K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harrison:
Property Strategy for 48625
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $115,627 | $970 | 6.0% | +11.0% | $57,813 |
| 3BR | $171,286 | $1,170 | 4.9% | +9.6% | $57,095 |
Market Trends
Home Value History (with trend line)
📊 How Does 48625 Compare?
| Metric | 48625 | Harrison | Michigan |
|---|---|---|---|
| Home Value | $134,053 | $134,053 | $253,279 |
| 5-Year CAGR | 4.4% | 4.4% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 5.1% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48625 (Harrison, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $134,053 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (5.1%). 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 48625
Population: 12,939
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 48625
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 1,673 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Harrison, MI?
The typical rental in Harrison, MI commands about $873/mo monthly. That rent profile steady cash flow against the $134K purchase basis.
What strategy should investors use in Harrison, MI?
Harrison, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($134K prices, $873/mo rents) make it a reasonable choice.
What kind of market is Harrison, MI for investors?
The 3.0/5 investability rating in Harrison, MI reflects its $134K prices and $873/mo rents. Investors generally consider it a solid option within MI.
How viable is house hacking in Harrison, MI?
House hacking in Harrison, MI is reasonable to execute. Prices around $134K and rents of $873/mo solid owner-occupant economics.
What is the renter demographic in Harrison, MI?
Expect a solid tenant pool in Harrison, MI. The rental market absorbs $873/mo rents without meaningful friction.
You know 48625 now. You don’t know where it ranks.
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