Real Estate Investing in Concord, Michigan (49237)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49237 (Concord, 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 Concord, MI (49237)?
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Market Analysis: 49237 Concord
This part of Jackson County is not an easy win. The 49237 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $936/mo on a $250K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 49237 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 49237 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 49237 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Concord's stable or hybrid ZIPs before stepping into 49237. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Concord:
Market Trends
Home Value History (with trend line)
📊 How Does 49237 Compare?
| Metric | 49237 | Concord | Jackson, MI | Michigan |
|---|---|---|---|---|
| Home Value | $250,139 | $250,139 | N/A | $253,279 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.8% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 49237 (Concord, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,139 |
| Monthly Rent | $936 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.9%). 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 49237
Population: 3,094
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 49237
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
Investor Insight: With 661 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Concord, MI?
The median home value in Concord, MI is roughly $250K. That puts it reasonable relative to the MI statewide average.
What is the tenant pool like in Concord, MI?
The tenant pool in Concord, MI is solid, supported by local employment and population fundamentals. Rents of $936/mo are well-absorbed by the market.
What kind of market is Concord, MI for investors?
Our data puts Concord, MI at 3.0/5 for investability. Home prices of $250K and rents around $936/mo create a solid backdrop for investor activity.
How strict are landlord regulations in Concord, MI?
Concord, MI operates under MI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Can I live-in-and-rent in Concord, MI?
The house hack math a challenging in Concord, MI. Owner-occupant buyers benefit from the $936/mo rents and $250K home values.
You know 49237 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49237 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 49237 ranks in Jackson, MI
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