Real Estate Investing in Lyons, Michigan (48851)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48851 (Lyons, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lyons, MI (48851)?
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Market Analysis: 48851 Lyons
Investors eyeing 48851 need to respect the fundamentals at play. Home values of $257K come alongside slower price movement and elevated management overhead.
Rent of $1,161/mo on a $257K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 48851 sits below the stated 0.0% once reality is priced in.
Turning to rents, 48851 offers a low basis, the region around Lyons has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 48851 ZIP's population of 2,310 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The right play in 48851 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lyons:
Property Strategy for 48851
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,267 | $1,290 | 5.8% | +8.5% | $80,633 |
| 3BR | $237,796 | $1,580 | 4.8% | +6.9% | $79,265 |
Market Trends
Home Value History (with trend line)
📊 How Does 48851 Compare?
| Metric | 48851 | Lyons | Grand Rapids-Kentwood, MI | Michigan |
|---|---|---|---|---|
| Home Value | $256,633 | $256,633 | N/A | $253,279 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.8% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48851 (Lyons, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,633 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.5%). 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 48851
Population: 2,310
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Lyons, MI?
Lyons, MI median home values land near $257K. That is reasonable territory for investors looking at $1,161/mo-per-month rentals.
How strong is Lyons, MI for real estate investors?
Lyons, MI rates 3.0/5 for investability. With median values at $257K and rents near $1,161/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Lyons, MI?
The renter base in Lyons, MI is reasonable for the $1,161/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Do rentals sit vacant long in Lyons, MI?
Expect elevated vacancy in Lyons, MI. Rents at $1,161/mo are absorbed by the tenant base without meaningful lag.
How strict are landlord regulations in Lyons, MI?
Lyons, MI operates under MI law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 48851 now. You don’t know where it ranks.
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How 48851 ranks in Grand Rapids-Kentwood, MI
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