Real Estate Investing in Bellevue, Michigan (49021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49021 (Bellevue, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bellevue, MI (49021)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49021 Bellevue
From a cash-flow lens, ZIP 49021 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $254K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49021 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 49021 sits on the difficult end of the MI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A robust renter share of 13% in 49021 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Bellevue:
Property Strategy for 49021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,033 | $1,260 | 4.7% | +7.0% | $96,517 |
| 3BR | $239,798 | $1,620 | 4.9% | +7.4% | $79,933 |
| 4BR | $253,407 | $1,760 | 5.0% | +7.2% | $63,352 |
Market Trends
Home Value History (with trend line)
📊 How Does 49021 Compare?
| Metric | 49021 | Bellevue | Lansing-East Lansing, MI | Michigan |
|---|---|---|---|---|
| Home Value | $254,161 | $254,161 | N/A | $253,279 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.8% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 49021 (Bellevue, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 49021 (Bellevue, MI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $254,161 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.5%). 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 49021
Population: 6,467
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 49021
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
Investor Insight: With 1,519 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Bellevue, MI?
Homes in Bellevue, MI typically sell near $254K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How should investors approach Bellevue, MI?
In Bellevue, MI the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $254K prices and $1,134/mo rents suits that approach.
What do rentals go for in Bellevue, MI?
Rental rates in Bellevue, MI average $1,134/mo. Tenant demand and $254K home values make the yield look reasonable by investor standards.
Is Bellevue, MI a smart market for rental property?
With a 3.0/5 investability score, Bellevue, MI ranks as a solid market for rental property investors. Median prices of $254K and rents of $1,134/mo drive the underlying numbers.
How landlord-friendly is Bellevue, MI?
The landlord environment in Bellevue, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 49021 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49021 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 49021 ranks in Lansing-East Lansing, MI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 49021 (Bellevue)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 49021 (Bellevue, MI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.