Real Estate Investing in Chassell, Michigan (49916)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49916 (Chassell, 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: 25.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chassell, MI (49916)?
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Market Analysis: 49916 Chassell
This part of Houghton County is not an easy win. The 49916 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 49916 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 49916 and stronger Chassell ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 3,157 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.
New investors are better served looking at Chassell's stable or hybrid ZIPs before stepping into 49916. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Chassell:
Market Trends
Home Value History (with trend line)
📊 How Does 49916 Compare?
| Metric | 49916 | Chassell | Houghton, MI | Michigan |
|---|---|---|---|---|
| Home Value | $290,938 | $290,938 | N/A | $253,279 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.8% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49916 (Chassell, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,938 |
| Monthly Rent | $900 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +18.8% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.4%). 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 49916
Population: 3,157
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 49916
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
How quickly do rentals get leased in Chassell, MI?
Vacancy risk in Chassell, MI is elevated. That supports measured cash flow for typical rental holds.
How qualified is the tenant pool in Chassell, MI?
The tenant pool in Chassell, MI is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
Which real estate strategy fits Chassell, MI?
The best-fit strategy in Chassell, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can owner-occupants cash flow in Chassell, MI?
Chassell, MI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $291K price point reasonable to enter.
How do home values compare in Chassell, MI?
In Chassell, MI the median home value sits at $291K. Against the broader MI market, that reads as reasonable for most investors.
You know 49916 now. You don’t know where it ranks.
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How 49916 ranks in Houghton, MI
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