Real Estate Investing in Mattawan, Michigan (49071)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49071 (Mattawan, MI)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 27.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mattawan, MI (49071)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49071 Mattawan
Not every below-median market is a bargain. Mattawan's 49071 ZIP sits at signals that favor experienced operators who can absorb the risk $367K pricing implies.
Rent of $1,107/mo on a $367K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 49071 sits below the stated 0.0% once reality is priced in.
In the broader MI picture, 49071 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 9% in 49071 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 49071 is an operator game, not a passive one. Looking more closely, entry prices of $367K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mattawan:
Property Strategy for 49071
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $323,458 | $1,620 | 3.6% | +7.5% | $107,819 |
| 4BR | $379,159 | $1,680 | 3.2% | +5.2% | $94,790 |
Market Trends
Home Value History (with trend line)
📊 How Does 49071 Compare?
| Metric | 49071 | Mattawan | Kalamazoo-Portage, MI | Michigan |
|---|---|---|---|---|
| Home Value | $366,874 | $366,874 | N/A | $253,279 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,107 | $1,107 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 49071 (Mattawan, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,874 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.4%). 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 49071
Population: 11,839
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 49071
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 2,270 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Mattawan, MI?
Investors in Mattawan, MI typically see rents near $1,107/mo per month against $367K home values - a solid setup for rental cash flow.
How tight is the rental market in Mattawan, MI?
Mattawan, MI carries elevated vacancy risk. Expect measured absorption at market rents of $1,107/mo.
How much should I expect to pay for a home in Mattawan, MI?
Expect median prices around $367K in Mattawan, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How do landlord-tenant laws work in Mattawan, MI?
MI law landlord-friendly for landlords, and Mattawan inherits those rules. Investors should still review local ordinances for rental licensing.
What is the renter demographic in Mattawan, MI?
Mattawan, MI offers a even-keeled renter base at the $1,107/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 49071 now. You don’t know where it ranks.
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How 49071 ranks in Kalamazoo-Portage, MI
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