Real Estate Investing in Bark River, Michigan (49807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49807 (Bark River, 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: 18.6% 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 Bark River, MI (49807)?
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Market Analysis: 49807 Bark River
ZIP 49807 inside Delta County looks affordable on the surface — median value of $236K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $236K asset, 49807 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MI, ZIP 49807 trails on several market indicators that neighboring Delta County submarkets outperform. The gap is real and robust enough to shape underwriting.
Employment concentration in 49807 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 49807 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 Bark River:
Market Trends
Home Value History (with trend line)
📊 How Does 49807 Compare?
| Metric | 49807 | Bark River | Escanaba, MI | Michigan |
|---|---|---|---|---|
| Home Value | $236,362 | $236,362 | N/A | $253,279 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.8% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49807 (Bark River, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,362 |
| Monthly Rent | $990 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.3%). 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 49807
Population: 3,125
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 646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Bark River, MI make sense for an investment property?
The 3.0/5 investability rating in Bark River, MI reflects its $236K prices and $990/mo rents. Investors generally consider it a solid option within MI.
What is the smart move for investors in Bark River, MI?
Most investors in Bark River, MI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Where do rents currently stand in Bark River, MI?
Investors in Bark River, MI typically see rents near $990/mo per month against $236K home values - a solid setup for rental cash flow.
Is house hacking profitable in Bark River, MI?
House hacking in Bark River, MI is reasonable to execute. Prices around $236K and rents of $990/mo solid owner-occupant economics.
Is it easy to find good tenants in Bark River, MI?
Tenant demand in Bark River, MI is solid. The local workforce $990/mo rents across most rental classes.
You know 49807 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49807 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.
How 49807 ranks in Escanaba, MI
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