Real Estate Investing in Hersey, Michigan (49639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49639 (Hersey, 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: 21.8% 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 Hersey, MI (49639)?
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Market Analysis: 49639 Hersey
On the rental side, ZIP 49639 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $210K median. It rewards specialists, not generalists.
Rent of $873/mo on a $210K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 49639 sits below the stated 0.0% once reality is priced in.
Regionally, 49639 sits on the difficult end of the MI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 49639 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hersey:
Market Trends
Home Value History (with trend line)
📊 How Does 49639 Compare?
| Metric | 49639 | Hersey | Big Rapids, MI | Michigan |
|---|---|---|---|---|
| Home Value | $209,684 | $209,684 | N/A | $253,279 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| 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 49639 (Hersey, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,684 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.3%). 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 49639
Population: 2,420
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 49639
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 912 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Hersey, MI a good market for FHA house hackers?
Hersey, MI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
Is Hersey in MI worth investing in?
Our data puts Hersey, MI at 3.0/5 for investability. Home prices of $210K and rents around $873/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in Hersey, MI?
The tenant pool in Hersey, MI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
Are eviction rules reasonable in Hersey, MI?
For rental operators, Hersey, MI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How do home values compare in Hersey, MI?
Homes in Hersey, MI typically sell near $210K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
You know 49639 now. You don’t know where it ranks.
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