Is Charlevoix County, MI good for real estate investing?

Charlevoix County has an investment score of 55/100, rated as "Hold". The county ranks #665 nationally among 1000 counties analyzed.

What is the median home price in Charlevoix?

The median home price in Charlevoix County is $391,549. This ranks #788 in affordability among all US counties.

Can you cash flow on rental properties in Charlevoix?

Based on median values with 20% down at current rates, a typical rental in Charlevoix County would generate positive cash flow of $0/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Charlevoix County

MichiganPopulation: 26,174

/100

Hold

#665 of 1,000 counties

#70 in Michigan (83 counties)

Market Snapshot

$391,549

Median Home Price

43% above national median

$23,432/mo

Est. Rent

Based on regional data

5.98%

Rent-to-Price Ratio

Estimated from price data

+$0

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score

55/100

Cash Flow(30%)

0/100

Based on 0.00% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

66/100

Based on 1.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

46/100

Price-to-income ratio of 5.6x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

No significant strengths identified based on current data.

Challenges

-Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
-Limited rent data (estimates used)

Economic Indicators

Population

26,174

Median Income

$69,764

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

5.6x

Less affordable

Compare to Nearby Counties

County					Verdict
Grand TraverseMI	57	$398,020	$1,871	5.64%	Hold	View
CurrentCharlevoixMI	55	$391,549	Est. pending	—	Hold
IoscoMI	55	$159,379	Est. pending	—	Hold	View
MasonMI	54	$246,751	Est. pending	—	Hold	View
OceanaMI	54	$237,936	Est. pending	—	Hold	View
CheboyganMI	54	$229,522	Est. pending	—	Hold	View

The Bottom Line

HoldCharlevoix is a neutral market.

Charlevoix County in Michigan scores 55/100, ranking #665 of 1,000 US counties (top 66%).

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash