Real Estate Investing in Morrice, Michigan (48857)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48857 (Morrice, 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 Morrice, MI (48857)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48857 Morrice
ZIP 48857 inside Shiawassee County looks affordable on the surface — median value of $253K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 48857 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Morrice have seen price recovery that 48857 has not matched. Shiawassee County data supports the view that the spread is structural rather than temporary.
The 48857 ZIP's population of 3,488 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 48857 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Morrice:
Market Trends
Home Value History (with trend line)
📊 How Does 48857 Compare?
| Metric | 48857 | Morrice | Lansing-East Lansing, MI | Michigan |
|---|---|---|---|---|
| Home Value | $253,066 | $253,066 | N/A | $253,279 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 48857 (Morrice, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 48857 (Morrice, MI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $253,066 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 48857
Population: 3,488
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 48857
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
Frequently Asked Questions
Is real estate in Morrice, MI a good investment right now?
Morrice, MI rates 3.0/5 for investability. With median values at $253K and rents near $1,125/mo, the market offers reasonable fundamentals for rental investors.
How strong are rents in Morrice, MI?
Investors in Morrice, MI typically see rents near $1,125/mo per month against $253K home values - a solid setup for rental cash flow.
How qualified is the tenant pool in Morrice, MI?
Expect a solid tenant pool in Morrice, MI. The rental market absorbs $1,125/mo rents without meaningful friction.
Is Morrice, MI better for rentals, flips, or BRRRR?
Morrice, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($253K prices, $1,125/mo rents) make it a reasonable choice.
Is housing expensive in Morrice, MI?
Morrice, MI home values average about $253K. That price point suits investors targeting rentals with $1,125/mo in monthly income.
You know 48857 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 48857 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.
How 48857 ranks in Lansing-East Lansing, MI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 48857 (Morrice)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 48857 (Morrice, MI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.