Real Estate Investing in Frederic, Michigan (49733)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49733 (Frederic, 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: 53.1% 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 Frederic, MI (49733)?
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Market Analysis: 49733 Frederic
The 49733 ZIP covers a section of Frederic that demands careful diligence. Prices near $206K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 49733 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 49733 sits on the difficult end of the MI spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 49733 ZIP's population of 1,910 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Distressed ZIPs reward experience. resilient returns are possible in 49733, 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 Frederic:
Market Trends
Home Value History (with trend line)
📊 How Does 49733 Compare?
| Metric | 49733 | Frederic | Michigan |
|---|---|---|---|
| Home Value | $205,551 | $205,551 | $253,279 |
| 5-Year CAGR | 6.5% | 6.5% | 6.8% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49733 (Frederic, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,551 |
| Monthly Rent | $918 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.5%). 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 49733
Population: 1,910
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
🎓 Nearby Colleges & Universities
Investor Insight: With 899 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Frederic, MI?
Investors usually favor careful cash-flow rentals with hands-on management in Frederic, MI. With home values at $206K and rents near $918/mo, other strategies can work but produce measured rather than outsized returns.
How strong is the working-renter base in Frederic, MI?
The renter base in Frederic, MI is reasonable for the $918/mo price point. Screening well and pricing to market typically yields reliable tenants.
Do rentals sit vacant long in Frederic, MI?
Rental vacancy in Frederic, MI is elevated. Investors should budget normal turnover but not chronic empty units.
Is house hacking profitable in Frederic, MI?
House hacking in Frederic, MI is reasonable to execute. Prices around $206K and rents of $918/mo solid owner-occupant economics.
Is MI a landlord-friendly state?
Landlord-friendliness in Frederic, MI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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