Real Estate Investing in Baraga, Michigan (49908)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49908 (Baraga, 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: 21.5% 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 Baraga, MI (49908)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49908 Baraga
ZIP 49908 inside Baraga County looks affordable on the surface — median value of $176K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 49908 is resilient only for operators who understand what they are buying. A $176K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 49908 and stronger Baraga ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 3,208 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Baraga:
Market Trends
Home Value History (with trend line)
📊 How Does 49908 Compare?
| Metric | 49908 | Baraga | Michigan |
|---|---|---|---|
| Home Value | $176,394 | $176,394 | $253,279 |
| 5-Year CAGR | 5.8% | 5.8% | 6.8% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49908 (Baraga, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,394 |
| Monthly Rent | $900 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (4.0%). 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 49908
Population: 3,208
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 49908
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
What is the average home sale price in Baraga, MI?
Expect median prices around $176K in Baraga, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Should investors consider Baraga, MI?
The 3.0/5 investability rating in Baraga, MI reflects its $176K prices and $900/mo rents. Investors generally consider it a solid option within MI.
Does a duplex house hack pencil in Baraga, MI?
The a challenging house-hack environment in Baraga, MI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Baraga, MI landlord-friendly?
MI law landlord-friendly for landlords, and Baraga inherits those rules. Investors should still review local ordinances for rental licensing.
What is the renter demographic in Baraga, MI?
Tenant quality in Baraga, MI ranks as solid. Landlords generally report measured occupancy at market rents of $900/mo.
You know 49908 now. You don’t know where it ranks.
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