Real Estate Investing in Onondaga, Michigan (49264)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49264 (Onondaga, 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 Onondaga, MI (49264)?
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Market Analysis: 49264 Onondaga
The 49264 ZIP in Onondaga, MI is a local-operator market. Outside capital chasing a $269K entry has to pair deep knowledge with the discount.
The investment case in 49264 is solid only for operators who understand what they are buying. A $269K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 49264 sits on the difficult end of the MI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 49264 includes headwinds that any investor should price in. Income distribution skews lower than Onondaga averages, and tenant stability requires active management.
The 49264 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Onondaga:
Market Trends
Home Value History (with trend line)
📊 How Does 49264 Compare?
| Metric | 49264 | Onondaga | Lansing-East Lansing, MI | Michigan |
|---|---|---|---|---|
| Home Value | $268,735 | $268,735 | N/A | $253,279 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.8% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49264 (Onondaga, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,735 |
| Monthly Rent | $918 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.7%). 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 49264
Population: 1,571
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 49264
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.
Frequently Asked Questions
Do landlords face vacancy issues in Onondaga, MI?
Expect elevated vacancy in Onondaga, MI. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
Is Onondaga, MI a good market for buy-and-hold investors?
Investors tracking Onondaga, MI will find a 3.0/5 rating supported by $269K median home values and $918/mo rents. That profile suits long-term holders targeting stable returns.
How expensive is real estate in Onondaga, MI?
The median home value in Onondaga, MI is roughly $269K. That puts it reasonable relative to the MI statewide average.
Is Onondaga, MI better for rentals, flips, or BRRRR?
For Onondaga, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are renters plentiful in Onondaga, MI?
Onondaga, MI draws a steady base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
You know 49264 now. You don’t know where it ranks.
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How 49264 ranks in Lansing-East Lansing, MI
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