Real Estate Investing in Mio, Michigan (48647)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48647 (Mio, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 50.0% 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 Mio, MI (48647)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48647 Mio
Investors eyeing 48647 need to respect the fundamentals at play. Home values of $130K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $130K asset, 48647 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 48647's metrics run below Oscoda County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 4,044 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.
New investors are better served looking at Mio's stable or hybrid ZIPs before stepping into 48647. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mio:
Property Strategy for 48647
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $112,194 | $970 | 6.2% | +11.2% | $56,097 |
| 3BR | $152,979 | $1,290 | 6.1% | +11.2% | $50,993 |
Market Trends
Home Value History (with trend line)
📊 How Does 48647 Compare?
| Metric | 48647 | Mio | Michigan |
|---|---|---|---|
| Home Value | $130,039 | $130,039 | $253,279 |
| 5-Year CAGR | 5.7% | 5.7% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 5.2% | 5.2% | - |
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 48647 (Mio, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 48647 (Mio, MI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $130,039 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (5.2%). 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 48647
Population: 4,044
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 48647
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.
Frequently Asked Questions
Does Mio, MI make sense for an investment property?
Our data puts Mio, MI at 3.0/5 for investability. Home prices of $130K and rents around $873/mo create a solid backdrop for investor activity.
Are homes affordable in Mio, MI?
In Mio, MI the median home value sits at $130K. Against the broader MI market, that reads as reasonable for most investors.
What strategy should investors use in Mio, MI?
Mio, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($130K prices, $873/mo rents) make it a reasonable choice.
Does a duplex house hack pencil in Mio, MI?
Mio, MI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $130K price point reasonable to enter.
What do rentals go for in Mio, MI?
Expect rents around $873/mo per month in Mio, MI. With home values at $130K, the yield math works out to reasonable levels for rental investors.
You know 48647 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48647 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 48647 (Mio)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 48647 (Mio, MI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.