Real Estate Investing in Rock, Michigan (49880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49880 (Rock, 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: 41.7% 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 Rock, MI (49880)?
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Market Analysis: 49880 Rock
Investors eyeing 49880 need to respect the fundamentals at play. Home values of $187K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 49880 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 49880 sits on the difficult end of the MI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 49880 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 49880 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Rock:
Market Trends
Home Value History (with trend line)
📊 How Does 49880 Compare?
| Metric | 49880 | Rock | Escanaba, MI | Michigan |
|---|---|---|---|---|
| Home Value | $186,863 | $186,863 | N/A | $253,279 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.8% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49880 (Rock, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,863 |
| Monthly Rent | $918 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.8%). 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 49880
Population: 1,026
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 49880
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
Is vacancy a concern in Rock, MI?
Rental vacancy in Rock, MI is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Rock, MI?
The renter base in Rock, MI is reasonable for the $918/mo price point. Screening well and pricing to market typically yields reliable tenants.
What strategy should investors use in Rock, MI?
Investors usually favor careful cash-flow rentals with hands-on management in Rock, MI. With home values at $187K and rents near $918/mo, other strategies can work but produce consistent rather than outsized returns.
What is it like being a landlord in Rock, MI?
MI ranks as a landlord-friendly state for landlord-tenant law. Rock generally follows the statewide framework, so landlords face reasonable operating rules.
How much is rent in Rock, MI?
Rock, MI rentals go for roughly $918/mo a month. That puts gross yield in solid territory relative to $187K acquisition costs.
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How 49880 ranks in Escanaba, MI
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