Real Estate Investing in Blissfield, Michigan (49228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49228 (Blissfield, 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.
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 Blissfield, MI (49228)?
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Market Analysis: 49228 Blissfield
This part of Lenawee County is not an easy win. The 49228 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 49228 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 49228 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 49228 ZIP's population of 5,523 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Blissfield's stable or hybrid ZIPs before stepping into 49228. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Blissfield:
Property Strategy for 49228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,303 | $1,180 | 5.2% | +5.5% | $81,651 |
| 3BR | $212,519 | $1,510 | 5.1% | +6.2% | $70,840 |
| 4BR | $233,962 | $1,810 | 5.6% | +6.1% | $58,491 |
| 5BR | $278,663 | — | — | — | $55,733 |
Market Trends
Home Value History (with trend line)
📊 How Does 49228 Compare?
| Metric | 49228 | Blissfield | Adrian, MI | Michigan |
|---|---|---|---|---|
| Home Value | $249,506 | $249,506 | N/A | $253,279 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.8% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49228 (Blissfield, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,506 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.3%). 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 49228
Population: 5,523
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 49228
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
How strong is Blissfield, MI for real estate investors?
Blissfield, MI rates 3.0/5 for investability. With median values at $250K and rents near $1,062/mo, the market offers reasonable fundamentals for rental investors.
Where do home prices stand in Blissfield, MI?
Blissfield, MI home values average about $250K. That price point suits investors targeting rentals with $1,062/mo in monthly income.
What do landlords charge for rent in Blissfield, MI?
Rent in Blissfield, MI is around $1,062/mo. The resulting rent-to-value relationship with $250K pricing is reasonable for most investor models.
What are vacancy rates like in Blissfield, MI?
Blissfield, MI sees elevated vacancy, which is reasonable relative to the broader MI rental market.
Are tenants stable in Blissfield, MI?
Blissfield, MI draws a consistent base of working renters. Demand at the $1,062/mo rent level is reasonable for standard single-family and small multi rentals.
You know 49228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49228 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 49228 ranks in Adrian, MI
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