Real Estate Investing in Pleasant Lake, Michigan (49272)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49272 (Pleasant Lake, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% of homes vacant — above national norms.
- Higher unemployment: 8.2% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pleasant Lake, MI (49272)?
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Market Analysis: 49272 Pleasant Lake
This part of Jackson County is not an easy win. The 49272 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 49272 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On balance, 49272 offers a low basis, the region around Pleasant Lake has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 49272 ZIP's population of 2,673 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Pleasant Lake's stable or hybrid ZIPs before stepping into 49272. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pleasant Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 49272 Compare?
| Metric | 49272 | Pleasant Lake | Jackson, MI | Michigan |
|---|---|---|---|---|
| Home Value | $290,685 | $290,685 | N/A | $253,279 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 6.8% |
| Avg Rent | $1,143 | $1,143 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49272 (Pleasant Lake, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,685 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.1%). 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 49272
Population: 2,673
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
Frequently Asked Questions
Is Pleasant Lake, MI better for rentals, flips, or BRRRR?
For Pleasant Lake, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How expensive is real estate in Pleasant Lake, MI?
Median home price in Pleasant Lake, MI is near $291K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How strong is Pleasant Lake, MI for real estate investors?
Pleasant Lake, MI rates 3.0/5 for investability. With median values at $291K and rents near $1,143/mo, the market offers reasonable fundamentals for rental investors.
Is it easy to find good tenants in Pleasant Lake, MI?
Tenant demand in Pleasant Lake, MI is solid. The local workforce $1,143/mo rents across most rental classes.
What do rentals go for in Pleasant Lake, MI?
Average rent in Pleasant Lake, MI is approximately $1,143/mo per month. Against $291K home values that yields a reasonable rent-to-price ratio.
You know 49272 now. You don’t know where it ranks.
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How 49272 ranks in Jackson, MI
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