Real Estate Investing in Stevensville, Michigan (49127)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49127 (Stevensville, 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: 12.5% of homes vacant — above national norms.
What’s happening in Stevensville, MI (49127)?
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Market Analysis: 49127 Stevensville
ZIP 49127 in Stevensville, MI carries a significant set of headwinds. Home values near $344K and rents of $1,259/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49127 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 49127 sits on the difficult end of the MI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 11,347 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.
Strategically, 49127 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Stevensville:
Property Strategy for 49127
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,539 | $1,360 | 3.8% | +7.3% | $128,769 |
| 3BR | $307,304 | $1,790 | 4.2% | +7.5% | $102,435 |
| 4BR | $450,631 | $1,800 | 2.9% | +7.6% | $112,658 |
| 5BR | $571,852 | — | — | +7.8% | $114,370 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49127 Compare?
| Metric | 49127 | Stevensville | Niles, MI | Michigan |
|---|---|---|---|---|
| Home Value | $343,573 | $343,573 | N/A | $253,279 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.8% |
| Avg Rent | $1,259 | $1,259 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 49127 (Stevensville, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $343,573 |
| Monthly Rent | $1,259 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.9%). 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 49127
Population: 11,347
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 49127
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 511 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Stevensville, MI?
Expect elevated vacancy in Stevensville, MI. Rents at $1,259/mo are absorbed by the tenant base without meaningful lag.
How strong is the working-renter base in Stevensville, MI?
Tenant demand in Stevensville, MI is solid. The local workforce $1,259/mo rents across most rental classes.
Is rental property easy to operate in Stevensville, MI?
The landlord environment in Stevensville, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Can I live-in-and-rent in Stevensville, MI?
House hacking in Stevensville, MI is a challenging. With home values around $344K and rents at $1,259/mo, owner-occupants can offset a meaningful share of PITI.
Where do home prices stand in Stevensville, MI?
Stevensville, MI home values average about $344K. That price point suits investors targeting rentals with $1,259/mo in monthly income.
You know 49127 now. You don’t know where it ranks.
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How 49127 ranks in Niles, MI
Every ZIP in this metro, ranked. Free.
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