Is Hillsdale County, MI good for real estate investing?

Hillsdale County has an investment score of 74/100, rated as "Buy". The county ranks #77 nationally among 1000 counties analyzed.

What is the median home price in Hillsdale?

The median home price in Hillsdale County is $202,422. This ranks #393 in affordability among all US counties.

Can you cash flow on rental properties in Hillsdale?

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

Hillsdale County

MichiganPopulation: 45,698

/100

Buy

#77 of 1,000 counties

#9 in Michigan (83 counties)

Market Snapshot

$202,422

Median Home Price

12% below national median

$11,871/mo

Est. Rent

Based on regional data

5.86%

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

74/100

Cash Flow(30%)

0/100

Rent data not available for cash flow calculation.

Appreciation(25%)

88/100

Based on 5.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

79/100

Price-to-income ratio of 3.4x. 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

+Strong price appreciation (+5.6% YoY)
+Affordable relative to local incomes

Challenges

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

Economic Indicators

Population

45,698

Median Income

$59,425

vs $51,665 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.4x

Moderately affordable

Compare to Nearby Counties

County					Verdict
GratiotMI	75	$172,768	Est. pending	—	Strong Buy	View
IronMI	75	$138,682	Est. pending	—	Strong Buy	View
Presque IsleMI	75	$206,309	Est. pending	—	Strong Buy	View
CurrentHillsdaleMI	74	$202,422	Est. pending	—	Buy
GladwinMI	73	$176,786	Est. pending	—	Buy	View
OsceolaMI	73	$185,762	Est. pending	—	Buy	View

The Bottom Line

BuyHillsdale offers solid investment potential with good cash flow or appreciation prospects.

Hillsdale County in Michigan scores 74/100, ranking #77 of 1,000 US counties (top 8%).

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash