Real Estate Investing in North Adams, Michigan (49262)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49262 (North Adams, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Adams, MI (49262)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49262 North Adams
The 49262 ZIP in North Adams, MI is a local-operator market. Outside capital chasing a $183K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49262 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 49262's metrics run below Hillsdale County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 49262 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 49262 is an operator game, not a passive one. Put differently, entry prices of $183K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Adams:
Market Trends
Home Value History (with trend line)
📊 How Does 49262 Compare?
| Metric | 49262 | North Adams | Hillsdale, MI | Michigan |
|---|---|---|---|---|
| Home Value | $182,614 | $182,614 | N/A | $253,279 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.8% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 49262 (North Adams, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 49262 (North Adams, MI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $182,614 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 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 (4.4%). 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 49262
Population: 1,298
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 49262
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 do rentals go for in North Adams, MI?
Rental rates in North Adams, MI average $1,035/mo. Tenant demand and $183K home values make the yield look reasonable by investor standards.
What is the typical renter like in North Adams, MI?
North Adams, MI offers a steady renter base at the $1,035/mo rent level. Tenant turnover is reasonable for well-managed properties.
How landlord-friendly is North Adams, MI?
The landlord environment in North Adams, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is North Adams, MI suited for a house hack?
The a challenging house-hack environment in North Adams, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average home sale price in North Adams, MI?
Expect median prices around $183K in North Adams, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 49262 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49262 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 49262 ranks in Hillsdale, MI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 49262 (North Adams)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 49262 (North Adams, MI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.