Real Estate Investing in Spalding, Michigan (49874)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49874 (Spalding, MI)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 22.1% 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 Spalding, MI (49874)?
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Market Analysis: 49874 Spalding
This part of Menominee County is not an easy win. The 49874 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49874 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 49874 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 49874 includes headwinds that any investor should price in. Income distribution skews lower than Spalding averages, and tenant stability requires active management.
New investors are better served looking at Spalding's stable or hybrid ZIPs before stepping into 49874. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Spalding:
Market Trends
Home Value History (with trend line)
📊 How Does 49874 Compare?
| Metric | 49874 | Spalding | Marinette, WI-MI | Michigan |
|---|---|---|---|---|
| Home Value | $190,363 | $190,363 | N/A | $253,279 |
| 5-Year CAGR | N/A | N/A | N/A | 6.8% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49874 (Spalding, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,363 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 2.8% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (3.6%). 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 49874
Population: 1,138
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 49874
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 investment strategy works best in Spalding, MI?
Most investors in Spalding, MI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Are renters plentiful in Spalding, MI?
Working renters make up the core of the Spalding, MI tenant base. The pool is reasonable for investors targeting long-term holds.
Are homes affordable in Spalding, MI?
Spalding, MI home values average about $190K. That price point suits investors targeting rentals with $873/mo in monthly income.
Does a duplex house hack pencil in Spalding, MI?
The a challenging house-hack environment in Spalding, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are landlord laws favorable in Spalding, MI?
Rental owners in Spalding, MI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 49874 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49874 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 49874 ranks in Marinette, WI-MI
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