Real Estate Investing in Harrison Township, Michigan (48045)
Should you buy in 48045 (Harrison Township, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Harrison Township, MI (48045)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 48045 Harrison Township
Meanwhile, ZIP 48045 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $281K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 48045 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 48045 sits on the difficult end of the MI spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 24,118 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.
Experienced landlords with local relationships tend to find 48045 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Harrison Township:
Property Strategy for 48045
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $243,016 | $1,020 | 3.0% | — | $243,016 |
| 2BR | $189,400 | $1,280 | 4.9% | +6.5% | $94,700 |
| 3BR | $332,752 | $1,560 | 3.4% | +6.3% | $110,917 |
| 4BR | $467,285 | $1,690 | 2.6% | +6.6% | $116,821 |
| 5BR | $509,750 | — | — | +6.4% | $101,950 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 48045 Compare?
| Metric | 48045 | Harrison Township | Detroit-Warren-Dearborn, MI | Michigan |
|---|---|---|---|---|
| Home Value | $281,009 | $281,009 | N/A | $253,279 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.8% |
| Avg Rent | $1,296 | $1,296 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 48045 (Harrison Township, MI). Anonymous, moderated, never written by AI.
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Property managers serving Macomb County
Manage rentals here? List your business →Beacon Management offers property management services for various communities and properties across Michigan, including Ann Arbor, Auburn Hills, Bloomfield Hills, Canton, and Southfield. summary from their website
Key 3 Property Management Group offers property management services in Michigan. summary from their website
Michigan Property Management Solutions offers homes for rent in Michigan, near Macomb Twp., Fraser, Utica, Clinton Valley, and Detroit. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $281,009 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -9.8% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.6%). 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 48045
Population: 24,118
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 48045
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Seminole Academy
Clinton Valley Elementary School
Mount Clemens High School
Mt Clemens Montessori Academy
Mount Clemens Middle School
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
Investor Insight: With 4,762 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Harrison Township, MI?
In Harrison Township, MI the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $281K prices and $1,296/mo rents suits that approach.
Is it easy to find good tenants in Harrison Township, MI?
Working renters make up the core of the Harrison Township, MI tenant base. The pool is reasonable for investors targeting long-term holds.
What are rental rates like in Harrison Township, MI?
Expect rents around $1,296/mo per month in Harrison Township, MI. With home values at $281K, the yield math works out to reasonable levels for rental investors.
Are homes affordable in Harrison Township, MI?
Homes in Harrison Township, MI typically sell near $281K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Does Harrison Township, MI make sense for an investment property?
Our data puts Harrison Township, MI at 3.0/5 for investability. Home prices of $281K and rents around $1,296/mo create a solid backdrop for investor activity.
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