Real Estate Investing in Suttons Bay, Michigan (49682)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49682 (Suttons Bay, MI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 43.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Suttons Bay, MI (49682)?
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Market Analysis: 49682 Suttons Bay
The 49682 ZIP covers a section of Suttons Bay that demands careful diligence. Prices near $642K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49682 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 49682 sits on the difficult end of the MI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 49682 includes headwinds that any investor should price in. Income distribution skews lower than Suttons Bay averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 49682, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Suttons Bay:
Property Strategy for 49682
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $677,148 | $1,650 | 1.8% | +11.1% | $225,716 |
| 4BR | $841,045 | $1,830 | 1.6% | +11.1% | $210,261 |
Market Trends
Home Value History (with trend line)
📊 How Does 49682 Compare?
| Metric | 49682 | Suttons Bay | Traverse City, MI | Michigan |
|---|---|---|---|---|
| Home Value | $642,166 | $642,166 | N/A | $253,279 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.8% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49682 (Suttons Bay, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $642,166 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 43.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (1.5%). 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 49682
Population: 4,528
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 49682
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 Suttons Bay, MI better for rentals, flips, or BRRRR?
Suttons Bay, MI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($642K prices, $1,242/mo rents) make it a reasonable choice.
What is the typical rental rate in Suttons Bay, MI?
Investors in Suttons Bay, MI typically see rents near $1,242/mo per month against $642K home values - a solid setup for rental cash flow.
Does house hacking make sense in Suttons Bay, MI?
House hacking in Suttons Bay, MI is reasonable to execute. Prices around $642K and rents of $1,242/mo solid owner-occupant economics.
What is the median home value in Suttons Bay, MI?
Expect median prices around $642K in Suttons Bay, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What kind of market is Suttons Bay, MI for investors?
Investors tracking Suttons Bay, MI will find a 3.0/5 rating supported by $642K median home values and $1,242/mo rents. That profile suits long-term holders targeting consistent returns.
You know 49682 now. You don’t know where it ranks.
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How 49682 ranks in Traverse City, MI
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