Real Estate Investing in Marquette, Michigan (49855)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49855 (Marquette, MI)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in Marquette, MI (49855)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49855 Marquette
The 49855 ZIP covers a section of Marquette that demands careful diligence. Prices near $348K look accessible, but the work to make a deal cash flow is real.
The investment case in 49855 is sturdy only for operators who understand what they are buying. A $348K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 49855 sits on the difficult end of the MI spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 49855 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 49855 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 Marquette:
Property Strategy for 49855
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $214,434 | $1,040 | 3.5% | +10.5% | $214,434 |
| 2BR | $272,712 | $1,220 | 3.2% | +10.6% | $136,356 |
| 3BR | $320,543 | $1,460 | 3.3% | +10.1% | $106,848 |
| 4BR | $385,678 | $1,790 | 3.3% | +10.1% | $96,419 |
| 5BR | $434,863 | — | — | +9.6% | $86,973 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49855 Compare?
| Metric | 49855 | Marquette | Marquette, MI | Michigan |
|---|---|---|---|---|
| Home Value | $347,563 | $347,563 | N/A | $253,279 |
| 5-Year CAGR | 8.8% | 8.8% | N/A | 6.8% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 49855 (Marquette, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $347,563 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -22.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 49855
Population: 33,199
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 49855
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Marquette, MI?
Marquette, MI home values average about $348K. That price point suits investors targeting rentals with $1,179/mo in monthly income.
Where do rents currently stand in Marquette, MI?
Investors in Marquette, MI typically see rents near $1,179/mo per month against $348K home values - a solid setup for rental cash flow.
What approach is best for Marquette, MI real estate?
The best-fit strategy in Marquette, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Marquette, MI suited for a house hack?
The a challenging house-hack environment in Marquette, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the renter demographic in Marquette, MI?
Marquette, MI offers a steady renter base at the $1,179/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 49855 now. You don’t know where it ranks.
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How 49855 ranks in Marquette, MI
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