Real Estate Investing in Lincoln, Michigan (48742)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48742 (Lincoln, 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: 45.5% 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 Lincoln, MI (48742)?
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Market Analysis: 48742 Lincoln
The 48742 ZIP covers a section of Lincoln that demands careful diligence. Prices near $190K look accessible, but the work to make a deal cash flow is real.
The investment case in 48742 is significant only for operators who understand what they are buying. A $190K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MI picture, 48742 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 48742 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 48742 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 Lincoln:
Market Trends
Home Value History (with trend line)
📊 How Does 48742 Compare?
| Metric | 48742 | Lincoln | Michigan |
|---|---|---|---|
| Home Value | $190,367 | $190,367 | $253,279 |
| 5-Year CAGR | 4.0% | 4.0% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48742 (Lincoln, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,367 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +12.3% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +2.3% ▲ |
🏠 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 (3.6%). 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 48742
Population: 1,767
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
Does a duplex house hack pencil in Lincoln, MI?
For house hackers, Lincoln, MI is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $190K property.
What kind of market is Lincoln, MI for investors?
Our data puts Lincoln, MI at 3.0/5 for investability. Home prices of $190K and rents around $873/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in Lincoln, MI?
The tenant pool in Lincoln, MI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
Is Lincoln, MI a friendly market for rental owners?
For rental operators, Lincoln, MI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the average home sale price in Lincoln, MI?
Typical homes in Lincoln, MI go for around $190K. The 5-year CAGR of 0.0% reliable price movement.
You know 48742 now. You don’t know where it ranks.
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