Real Estate Investing in Rogers City, Michigan (49779)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49779 (Rogers City, 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: 21.0% 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 Rogers City, MI (49779)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49779 Rogers City
Turning to rents, ZIP 49779 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $186K median. It rewards specialists, not generalists.
The investment case in 49779 is healthy only for operators who understand what they are buying. A $186K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 49779 and stronger Rogers City ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 4,599 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.
Experienced landlords with local relationships tend to find 49779 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Rogers City:
Market Trends
Home Value History (with trend line)
📊 How Does 49779 Compare?
| Metric | 49779 | Rogers City | Michigan |
|---|---|---|---|
| Home Value | $185,568 | $185,568 | $253,279 |
| 5-Year CAGR | 8.4% | 8.4% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49779 (Rogers City, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,568 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +15.2% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.7%). 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 49779
Population: 4,599
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 49779
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
How much does a house cost in Rogers City, MI?
In Rogers City, MI the median home value sits at $186K. Against the broader MI market, that reads as reasonable for most investors.
Are there empty rentals in Rogers City, MI?
Vacancy in Rogers City, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
Does Rogers City, MI make sense for an investment property?
The 3.0/5 investability rating in Rogers City, MI reflects its $186K prices and $873/mo rents. Investors generally consider it a solid option within MI.
How landlord-friendly is Rogers City, MI?
The landlord environment in Rogers City, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Rogers City, MI good for house hacking?
House hacking in Rogers City, MI is a challenging. With home values around $186K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
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