Real Estate Investing in Lupton, Michigan (48635)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48635 (Lupton, 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 vacancy: 56.1% 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 Lupton, MI (48635)?
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Market Analysis: 48635 Lupton
The 48635 ZIP covers a section of Lupton that demands careful diligence. Prices near $189K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 48635 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 48635 and stronger Lupton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 48635 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.
Strategically, 48635 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Lupton:
Property Strategy for 48635
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $160,954 | $1,040 | 4.7% | +10.4% | $80,477 |
| 3BR | $206,400 | $1,250 | 4.4% | +10.1% | $68,800 |
Market Trends
Home Value History (with trend line)
📊 How Does 48635 Compare?
| Metric | 48635 | Lupton | Michigan |
|---|---|---|---|
| Home Value | $189,388 | $189,388 | $253,279 |
| 5-Year CAGR | 9.1% | 9.1% | 6.8% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 48635 (Lupton, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,388 |
| Monthly Rent | $936 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +14.9% ▲ |
| 3-Year CAGR | +9.4% ▲ |
| 5-Year CAGR | +9.1% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (3.9%). 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 48635
Population: 1,535
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
What is the average home sale price in Lupton, MI?
Typical homes in Lupton, MI go for around $189K. The 5-year CAGR of 0.0% consistent price movement.
What are rental rates like in Lupton, MI?
Average rent in Lupton, MI is approximately $936/mo per month. Against $189K home values that yields a reasonable rent-to-price ratio.
Does Lupton, MI favor landlords or tenants?
Rental owners in Lupton, MI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Lupton, MI suited for a house hack?
For house hackers, Lupton, MI is a challenging. The $936/mo rent on a unit helps defray the mortgage on a $189K property.
How qualified is the tenant pool in Lupton, MI?
The tenant pool in Lupton, MI is solid, supported by local employment and population fundamentals. Rents of $936/mo are well-absorbed by the market.
You know 48635 now. You don’t know where it ranks.
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