Real Estate Investing in Roscommon, Michigan (48653)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48653 (Roscommon, 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: 52.4% 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 Roscommon, MI (48653)?
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Market Analysis: 48653 Roscommon
ZIP 48653 in Roscommon, MI carries a impressive set of headwinds. Home values near $205K and rents of $909/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 48653 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 48653's metrics run below Roscommon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 48653 includes headwinds that any investor should price in. Income distribution skews lower than Roscommon averages, and tenant stability requires active management.
Strategically, 48653 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 Roscommon:
Property Strategy for 48653
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $181,950 | $1,010 | 4.0% | +12.9% | $90,975 |
| 3BR | $227,767 | $1,270 | 4.0% | +11.1% | $75,922 |
| 4BR | $344,816 | $1,620 | 3.4% | +10.1% | $86,204 |
| 5BR | $606,225 | — | — | +11.4% | $121,245 |
Market Trends
Home Value History (with trend line)
📊 How Does 48653 Compare?
| Metric | 48653 | Roscommon | Michigan |
|---|---|---|---|
| Home Value | $205,405 | $242,103 | $253,279 |
| 5-Year CAGR | 6.9% | 6.1% | 6.8% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 3.5% | 3.0% | - |
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 48653 (Roscommon, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,405 |
| Monthly Rent | $909 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (3.5%). 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 48653
Population: 9,638
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 48653
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 899 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Roscommon, MI?
Median home price in Roscommon, MI is near $205K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is vacancy a concern in Roscommon, MI?
Expect elevated vacancy in Roscommon, MI. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
Are tenants stable in Roscommon, MI?
Roscommon, MI draws a measured base of working renters. Demand at the $909/mo rent level is reasonable for standard single-family and small multi rentals.
Is Roscommon, MI landlord-friendly?
MI ranks as a landlord-friendly state for landlord-tenant law. Roscommon generally follows the statewide framework, so landlords face reasonable operating rules.
Which investment style suits Roscommon, MI?
A careful cash-flow rentals with hands-on management strategy Roscommon, MI best. The market produces reliable results for that approach at the $205K price point.
You know 48653 now. You don’t know where it ranks.
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