Real Estate Investing in Chase, Michigan (49623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49623 (Chase, 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: 49.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chase, MI (49623)?
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Market Analysis: 49623 Chase
Investors eyeing 49623 need to respect the fundamentals at play. Home values of $213K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $213K asset, 49623 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MI, ZIP 49623 trails on several market indicators that neighboring Lake County submarkets outperform. The gap is real and durable enough to shape underwriting.
In practical terms, 1,030 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 49623 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chase:
Market Trends
Home Value History (with trend line)
📊 How Does 49623 Compare?
| Metric | 49623 | Chase | Michigan |
|---|---|---|---|
| Home Value | $213,218 | $213,218 | $253,279 |
| 5-Year CAGR | 5.3% | 5.3% | 6.8% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49623 (Chase, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,218 |
| Monthly Rent | $891 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.3%). 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 49623
Population: 1,030
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
What do rentals go for in Chase, MI?
Rental rates in Chase, MI average $891/mo. Tenant demand and $213K home values make the yield look reasonable by investor standards.
Which real estate strategy fits Chase, MI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Chase, MI. The numbers - $213K homes against $891/mo rents - support that play.
Is real estate in Chase, MI a good investment right now?
Chase, MI scores 3.0/5 for investability. Home values sit at $213K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Chase, MI?
Median home price in Chase, MI is near $213K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Are tenants stable in Chase, MI?
Chase, MI draws a measured base of working renters. Demand at the $891/mo rent level is reasonable for standard single-family and small multi rentals.
You know 49623 now. You don’t know where it ranks.
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