Real Estate Investing in Gaastra, Michigan (49927)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Iron County • Population: 404 • Data updated: September 2026

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Should you buy in 49927 (Gaastra, MI)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 34.7% of homes vacant — above national norms.

• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Gaastra, MI (49927)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $104,899
Avg Monthly Rent $990
1% Rule ✗ Does Not Meet
Median Income $57,000
% Renters 4.6%

Market Analysis: 49927 Gaastra

The 49927 ZIP covers a section of Gaastra that demands careful diligence. Prices near $105K look accessible, but the work to make a deal cash flow is real.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $105K asset, 49927 is the wrong submarket. If the plan prices in friction, the yield can still work.

In practical terms, 49927 offers a low basis, the region around Gaastra has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.

Who lives in 49927 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.

Strategically, 49927 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Gaastra:

B Good
Buy Confidence Score: 73/100
Affordability
25/25
Appreciation
18/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Affordable
Homes cost 1.8× the median income
Value Trend
Rising (+6.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $990/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$107K$100K$93K$85K$78K$70KFeb 2021Nov 2023Jul 2026

📊 How Does 49927 Compare?

Metric 49927 Gaastra Michigan
Home Value $104,899 $104,899 $253,279
5-Year CAGR 4.8% 4.8% 6.8%
Avg Rent $990 $990 -
Cap Rate 7.4% 7.4% -
💡 Why Invest in 49927? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 49927 (Gaastra, MI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
7.4%
Good
5yr Growth
+4.8%
Moderate

📊 Market Snapshot

Home Value $104,899
Monthly Rent $990
Price-to-Rent 8.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 11.3%
Cap Rate 7.4%
5-Year IRR 12.2%

📈 Home Appreciation

1-Year +6.4% ▲
3-Year CAGR +10.2% ▲
5-Year CAGR +4.8% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Neutral Leverage Cap Rate: 7.4%  |  30yr Rate: 6.8%
Leverage is roughly neutral here.

The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
34.7%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+4.8%
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 49927

Population: 404

💰 Median Household Income
$57,000
This area
$57,000
State
$68,013
USA
$74,580
🏠 Renter Occupied
4.6%
This area
4.6%
State
19.4%
USA
34.0%
💼 Unemployment Rate
2.2%
This area
2.2%
State
-2.8%
USA
3.7%
🎓 College Educated
18.4%
This area
18.4%
State
16.5%
USA
33.7%
👤 Median Age
47.6 years
This area
47.6 years
State
36.1 years
USA
38.9 years
🏚️ Vacancy Rate
34.7%
This area
34.7%
State
20.4%
USA
10.5%
👥 Population by Ethnicity
White 76.9%
Other/Mixed 15.2%
Black/African American 6.7%
Hispanic/Latino 5.1%
Asian 1.3%
👶 Under 18
19.5%
This area
19.5%
USA
22.0%
👴 65 and Over
18.2%
This area
18.2%
USA
17.3%
📊 Poverty Rate
3.2%
This area
3.2%
USA
11.5%

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

Frequently Asked Questions

What is the rental occupancy rate in Gaastra, MI?

Occupancy in Gaastra, MI runs consistent with elevated vacancy. Well-priced units at $990/mo lease on reasonable timelines.

Are tenants stable in Gaastra, MI?

Gaastra, MI draws a measured base of working renters. Demand at the $990/mo rent level is reasonable for standard single-family and small multi rentals.

How much should I expect to pay for a home in Gaastra, MI?

Typical homes in Gaastra, MI go for around $105K. The 5-year CAGR of 0.0% consistent price movement.

How landlord-friendly is Gaastra, MI?

The landlord environment in Gaastra, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What are rental rates like in Gaastra, MI?

Rental rates in Gaastra, MI average $990/mo. Tenant demand and $105K home values make the yield look reasonable by investor standards.

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