Real Estate Investing in Ellsworth, Michigan (49729)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49729 (Ellsworth, 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: 37.2% 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 Ellsworth, MI (49729)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49729 Ellsworth
ZIP 49729 in Ellsworth, MI carries a healthy set of headwinds. Home values near $333K and rents of $1,152/mo sit inside a market where underwriting has to be tight.
Rent of $1,152/mo on a $333K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 49729 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Ellsworth have seen price recovery that 49729 has not matched. Antrim County data supports the view that the spread is structural rather than temporary.
A robust renter share of 13% in 49729 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 49729 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 Ellsworth:
Market Trends
Home Value History (with trend line)
📊 How Does 49729 Compare?
| Metric | 49729 | Ellsworth | Michigan |
|---|---|---|---|
| Home Value | $333,269 | $333,269 | $253,279 |
| 5-Year CAGR | 5.6% | 5.6% | 6.8% |
| Avg Rent | $1,152 | $1,152 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 49729 (Ellsworth, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $333,269 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (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 49729
Population: 1,435
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 49729
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
Is real estate in Ellsworth, MI a good investment right now?
Our data puts Ellsworth, MI at 3.0/5 for investability. Home prices of $333K and rents around $1,152/mo create a solid backdrop for investor activity.
What is the smart move for investors in Ellsworth, MI?
A careful cash-flow rentals with hands-on management strategy Ellsworth, MI best. The market produces stable results for that approach at the $333K price point.
Is Ellsworth, MI good for landlords?
Rental owners in Ellsworth, MI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is house hacking profitable in Ellsworth, MI?
The a challenging house-hack environment in Ellsworth, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the average monthly rent in Ellsworth, MI?
The typical rental in Ellsworth, MI commands about $1,152/mo monthly. That rent profile reliable cash flow against the $333K purchase basis.
You know 49729 now. You don’t know where it ranks.
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