Real Estate Investing in Adrian, Michigan (49221)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49221 (Adrian, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
What’s happening in Adrian, MI (49221)?
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Market Analysis: 49221 Adrian
The 49221 ZIP covers a section of Adrian that demands careful diligence. Prices near $216K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 49221 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From a cash-flow lens, 49221 offers a low basis, the region around Adrian has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 49221 ZIP's population of 41,041 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.
Strategically, 49221 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 Adrian:
Property Strategy for 49221
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $79,520 | $910 | 8.2% | +8.7% | $79,520 |
| 2BR | $149,052 | $1,190 | 5.7% | +7.4% | $74,526 |
| 3BR | $216,295 | $1,520 | 5.1% | +7.4% | $72,098 |
| 4BR | $248,747 | $1,660 | 4.8% | +7.5% | $62,187 |
| 5BR | $271,317 | — | — | +7.4% | $54,263 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49221 Compare?
| Metric | 49221 | Adrian | Adrian, MI | Michigan |
|---|---|---|---|---|
| Home Value | $215,671 | $215,671 | N/A | $253,279 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 6.8% |
| Avg Rent | $975 | $975 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49221 (Adrian, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,671 |
| Monthly Rent | $975 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 49221
Population: 41,041
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 49221
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
Frequently Asked Questions
Does Adrian, MI make sense for an investment property?
Investors tracking Adrian, MI will find a 3.0/5 rating supported by $216K median home values and $975/mo rents. That profile suits long-term holders targeting steady returns.
What is the typical renter like in Adrian, MI?
The tenant pool in Adrian, MI is solid, supported by local employment and population fundamentals. Rents of $975/mo are well-absorbed by the market.
How should investors approach Adrian, MI?
The best-fit strategy in Adrian, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Adrian, MI suited for a house hack?
Adrian, MI offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $975/mo rent level.
What do landlords charge for rent in Adrian, MI?
Rental rates in Adrian, MI average $975/mo. Tenant demand and $216K home values make the yield look reasonable by investor standards.
You know 49221 now. You don’t know where it ranks.
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How 49221 ranks in Adrian, MI
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