Real Estate Investing in Centreville, Michigan (49032)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49032 (Centreville, 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 Centreville, MI (49032)?
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Market Analysis: 49032 Centreville
Not every below-median market is a bargain. Centreville's 49032 ZIP reports signals that favor experienced operators who can absorb the risk $245K pricing implies.
From a cash-flow lens, the numbers look inviting — $245K purchase price, 0.0% nominal cap — the work to hit that pro forma in 49032 is substantial and deserves full respect.
The gap between 49032 and stronger Centreville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 49032 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 49032 is an operator game, not a passive one. From a cash-flow lens, entry prices of $245K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Centreville:
Market Trends
Home Value History (with trend line)
📊 How Does 49032 Compare?
| Metric | 49032 | Centreville | Sturgis, MI | Michigan |
|---|---|---|---|---|
| Home Value | $245,045 | $245,045 | N/A | $253,279 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49032 (Centreville, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,045 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.8%). 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 49032
Population: 3,369
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 49032
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
Do rentals sit vacant long in Centreville, MI?
Expect elevated vacancy in Centreville, MI. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
Is housing expensive in Centreville, MI?
Centreville, MI home values average about $245K. That price point suits investors targeting rentals with $873/mo in monthly income.
What type of investing works in Centreville, MI?
A careful cash-flow rentals with hands-on management strategy Centreville, MI best. The market produces even-keeled results for that approach at the $245K price point.
Is Centreville, MI suited for a house hack?
The a challenging house-hack environment in Centreville, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the investability score for Centreville, MI?
Centreville, MI sits at an investability rating of 3.0/5, with median home values near $245K and average rents around $873/mo. That combination puts it in the healthy tier for investor interest.
You know 49032 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49032 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 49032 ranks in Sturgis, MI
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