Real Estate Investing in Mayville, Michigan (48744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48744 (Mayville, 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.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mayville, MI (48744)?
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Market Analysis: 48744 Mayville
The 48744 ZIP covers a section of Mayville that demands careful diligence. Prices near $201K look accessible, but the work to make a deal cash flow is real.
Rent of $963/mo on a $201K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 48744 sits below the stated 0.0% once reality is priced in.
Within MI, ZIP 48744 trails on several market indicators that neighboring Tuscola County submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 48744 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.
Distressed ZIPs reward experience. significant returns are possible in 48744, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mayville:
Market Trends
Home Value History (with trend line)
📊 How Does 48744 Compare?
| Metric | 48744 | Mayville | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $200,904 | $200,904 | N/A | $253,279 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 6.8% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48744 (Mayville, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,904 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.7%). 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 48744
Population: 4,387
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 48744
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
Are renters plentiful in Mayville, MI?
Mayville, MI draws a steady base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
Are there empty rentals in Mayville, MI?
Vacancy in Mayville, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $963/mo.
Does a duplex house hack pencil in Mayville, MI?
For house hackers, Mayville, MI is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $201K property.
Does Mayville, MI favor landlords or tenants?
Mayville, MI operates under MI law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the investability score for Mayville, MI?
Yes - Mayville, MI a 3.0/5 investability score. With $201K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 48744 now. You don’t know where it ranks.
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How 48744 ranks in Detroit-Warren-Dearborn, MI
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