Real Estate Investing in Burlington, Michigan (49029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49029 (Burlington, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Burlington, MI (49029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49029 Burlington
ZIP 49029 inside Calhoun County looks affordable on the surface — median value of $235K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 49029 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MI, ZIP 49029 trails on several market indicators that neighboring Calhoun County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 49029 ZIP's population of 1,420 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 49029 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 Burlington:
Market Trends
Home Value History (with trend line)
📊 How Does 49029 Compare?
| Metric | 49029 | Burlington | Battle Creek, MI | Michigan |
|---|---|---|---|---|
| Home Value | $234,597 | $234,597 | N/A | $253,279 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.8% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49029 (Burlington, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,597 |
| Monthly Rent | $891 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.0%). 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 49029
Population: 1,420
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
🎓 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
Is Burlington, MI a friendly market for rental owners?
Burlington, MI falls under MI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the renter demographic in Burlington, MI?
Tenant quality in Burlington, MI ranks as solid. Landlords generally report measured occupancy at market rents of $891/mo.
Is housing expensive in Burlington, MI?
Burlington, MI median home values land near $235K. That is reasonable territory for investors looking at $891/mo-per-month rentals.
Should investors worry about vacancy in Burlington, MI?
Vacancy in Burlington, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $891/mo.
What does house hacking look like in Burlington, MI?
For house hackers, Burlington, MI is a challenging. The $891/mo rent on a unit helps defray the mortgage on a $235K property.
You know 49029 now. You don’t know where it ranks.
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How 49029 ranks in Battle Creek, MI
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