Real Estate Investing in Ingalls, Michigan (49887)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49887 (Ingalls, 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: 41.2% 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 Ingalls, MI (49887)?
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Market Analysis: 49887 Ingalls
Not every below-median market is a bargain. Ingalls's 49887 ZIP registers signals that favor experienced operators who can absorb the risk $193K pricing implies.
Rent of $873/mo on a $193K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 49887 sits below the stated 0.0% once reality is priced in.
ZIP 49887's metrics run below Menominee County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 49887 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 49887 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ingalls:
Market Trends
Home Value History (with trend line)
📊 How Does 49887 Compare?
| Metric | 49887 | Ingalls | Marinette, WI-MI | Michigan |
|---|---|---|---|---|
| Home Value | $192,604 | $96,302 | N/A | $253,279 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| 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 49887 (Ingalls, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,604 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (3.5%). 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 49887
Population: 2,735
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 49887
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
What are home prices like in Ingalls, MI?
The median home value in Ingalls, MI is roughly $193K. That puts it reasonable relative to the MI statewide average.
Should investors worry about vacancy in Ingalls, MI?
Ingalls, MI sees elevated vacancy, which is reasonable relative to the broader MI rental market.
Is Ingalls, MI a good place for real estate investing?
Ingalls, MI reflects an investability rating of 3.0/5, with median home values near $193K and average rents around $873/mo. That combination puts it in the solid tier for investor interest.
Is rental property easy to operate in Ingalls, MI?
Landlord-friendliness in Ingalls, MI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is the tenant base reliable in Ingalls, MI?
Tenant demand in Ingalls, MI is solid. The local workforce $873/mo rents across most rental classes.
You know 49887 now. You don’t know where it ranks.
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How 49887 ranks in Marinette, WI-MI
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