Real Estate Investing in Perry, Michigan (48872)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 48872 (Perry, MI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Perry, MI (48872)?
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Market Analysis: 48872 Perry
The 48872 ZIP covers a section of Perry that demands careful diligence. Prices near $278K look accessible, but the work to make a deal cash flow is real.
The investment case in 48872 is resilient only for operators who understand what they are buying. A $278K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Perry have seen price recovery that 48872 has not matched. Shiawassee County data supports the view that the spread is structural rather than temporary.
Resident income in 48872 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 48872, 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 Perry:
Property Strategy for 48872
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,282 | $1,270 | 5.2% | +6.3% | $88,141 |
| 3BR | $258,944 | $1,780 | 4.9% | +7.2% | $86,315 |
| 4BR | $330,811 | $2,000 | 4.4% | +6.9% | $82,703 |
Market Trends
Home Value History (with trend line)
📊 How Does 48872 Compare?
| Metric | 48872 | Perry | Lansing-East Lansing, MI | Michigan |
|---|---|---|---|---|
| Home Value | $278,453 | $278,453 | N/A | $253,279 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.8% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 48872 (Perry, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,453 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.2%). 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 48872
Population: 6,421
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 48872
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
What approach is best for Perry, MI real estate?
The best-fit strategy in Perry, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is it easy to find good tenants in Perry, MI?
Tenant demand in Perry, MI is solid. The local workforce $1,143/mo rents across most rental classes.
Is Perry, MI a friendly market for rental owners?
For rental operators, Perry, MI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How viable is house hacking in Perry, MI?
House hacking in Perry, MI is a challenging. With home values around $278K and rents at $1,143/mo, owner-occupants can offset a meaningful share of PITI.
Do rentals sit vacant long in Perry, MI?
Rental vacancy in Perry, MI is elevated. Investors should budget normal turnover but not chronic empty units.
You know 48872 now. You don’t know where it ranks.
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How 48872 ranks in Lansing-East Lansing, MI
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Community Ratings
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