Real Estate Investing in Cedarville, Michigan (49719)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Mackinac • Population: 1,292 • Data updated: September 2026

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Should you buy in 49719 (Cedarville, MI)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (53/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 56.1% of homes vacant — above national norms.
  • High price-to-rent: Price-to-rent ratio 29.9 — 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 Cedarville, MI (49719)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $333,034
Avg Monthly Rent $927
1% Rule ✗ Does Not Meet
Median Income $73,529
% Renters 18.0%

Market Analysis: 49719 Cedarville

Investors eyeing 49719 need to respect the fundamentals at play. Home values of $333K come alongside slower price movement and elevated management overhead.

Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49719 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

Statewide comparisons place 49719 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

Looking more closely, 1,292 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.

Strategically, 49719 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Cedarville:

B Good
Buy Confidence Score: 70/100
Affordability
15/25
Appreciation
25/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.5× the median income
Value Trend
Rising (+8.8%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $927/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$347K$306K$266K$225K$184K$143KAug 2015Feb 2021Jul 2026

📊 How Does 49719 Compare?

Metric 49719 Cedarville Michigan
Home Value $333,034 $333,034 $253,279
5-Year CAGR 7.5% 7.5% 6.8%
Avg Rent $927 $927 -
Cap Rate 2.2% 2.2% -
💡 Why Invest in 49719? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 49719 (Cedarville, MI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.2%
Low
5yr Growth
+7.5%
Strong

📊 Market Snapshot

Home Value $333,034
Monthly Rent $927
Price-to-Rent 29.9:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.3%
Cap Rate 2.2%
5-Year IRR 9.7%

📈 Home Appreciation

1-Year +8.8% ▲
3-Year CAGR +9.5% ▲
5-Year CAGR +7.5% ▲
10-Year CAGR +7.7% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.2%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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.

Vacancy
56.1%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+7.5%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 49719

Population: 1,292

💰 Median Household Income
$73,529
This area
$73,529
State
$68,013
USA
$74,580
🏠 Renter Occupied
18.0%
This area
18.0%
State
19.4%
USA
34.0%
💼 Unemployment Rate
3.8%
This area
3.8%
State
-2.8%
USA
3.7%
🎓 College Educated
45.3%
This area
45.3%
State
16.5%
USA
33.7%
👤 Median Age
59.1 years
This area
59.1 years
State
36.1 years
USA
38.9 years
🏚️ Vacancy Rate
56.1%
This area
56.1%
State
20.4%
USA
10.5%
👥 Population by Ethnicity
White 97.7%
Other/Mixed 2.3%
Hispanic/Latino 0.2%
👶 Under 18
15.3%
This area
15.3%
USA
22.0%
👴 65 and Over
38.9%
This area
38.9%
USA
17.3%
📊 Poverty Rate
8.4%
This area
8.4%
USA
11.5%

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 49719

A+ Avg School Grade
1 Schools
13.9:1 Avg Class Size
$20,071 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Cedarville School

📚 Pre-K – 12 K-12
👥
224 Students
👨‍🏫
13.9:1 Class Size
💰
$20,071 Per Student
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

1 Nearby
C+
Great Lakes Boat Building School
28 students · 3.5 mi

Frequently Asked Questions

What is the typical vacancy rate in Cedarville, MI?

Expect elevated vacancy in Cedarville, MI. Rents at $927/mo are absorbed by the tenant base without meaningful lag.

Are tenants stable in Cedarville, MI?

The tenant pool in Cedarville, MI is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.

Is Cedarville, MI a smart market for rental property?

Yes - Cedarville, MI a 3.0/5 investability score. With $333K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.

What strategy should investors use in Cedarville, MI?

In Cedarville, MI the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $333K prices and $927/mo rents suits that approach.

What are rental rates like in Cedarville, MI?

Cedarville, MI rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $333K acquisition costs.

You know 49719 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 49719 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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