Real Estate Investing in Millersburg, Michigan (49759)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49759 (Millersburg, 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: 54.0% 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 Millersburg, MI (49759)?
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Market Analysis: 49759 Millersburg
ZIP 49759 in Millersburg, MI carries a robust set of headwinds. Home values near $226K and rents of $882/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $226K purchase price, 0.0% nominal cap — the work to hit that pro forma in 49759 is substantial and deserves full respect.
Within MI, ZIP 49759 trails on several market indicators that neighboring Presque Isle County submarkets outperform. The gap is real and robust enough to shape underwriting.
A significant renter share of 7% in 49759 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 49759 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.
Here's what matters if you're considering buying a home in Millersburg:
Market Trends
Home Value History (with trend line)
📊 How Does 49759 Compare?
| Metric | 49759 | Millersburg | Michigan |
|---|---|---|---|
| Home Value | $225,595 | $225,595 | $253,279 |
| 5-Year CAGR | 8.7% | 8.7% | 6.8% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49759 (Millersburg, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,595 |
| Monthly Rent | $882 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +15.8% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (3.1%). 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 49759
Population: 1,492
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
Frequently Asked Questions
Is Millersburg, MI a smart market for rental property?
With a 3.0/5 investability score, Millersburg, MI ranks as a solid market for rental property investors. Median prices of $226K and rents of $882/mo drive the underlying numbers.
How quickly do rentals get leased in Millersburg, MI?
Millersburg, MI carries elevated vacancy risk. Expect steady absorption at market rents of $882/mo.
What are rental rates like in Millersburg, MI?
Average rent in Millersburg, MI is approximately $882/mo per month. Against $226K home values that yields a reasonable rent-to-price ratio.
How viable is house hacking in Millersburg, MI?
House hacking in Millersburg, MI is a challenging. With home values around $226K and rents at $882/mo, owner-occupants can offset a meaningful share of PITI.
What is the best play in Millersburg, MI?
For Millersburg, MI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 49759 now. You don’t know where it ranks.
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