Real Estate Investing in Coopersville, Michigan (49404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49404 (Coopersville, 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 price-to-rent: Price-to-rent ratio 25.0 — 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 Coopersville, MI (49404)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49404 Coopersville
ZIP 49404 in Coopersville, MI carries a resilient set of headwinds. Home values near $359K and rents of $1,197/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 49404 can be a a viable market for hunting ground — but the discount at $359K reflects genuine risk that outside investors often underestimate.
Regionally, 49404 sits on the difficult end of the MI spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 49404 ZIP's population of 9,021 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 49404 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Coopersville:
Property Strategy for 49404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $278,863 | $1,330 | 3.4% | +7.7% | $139,432 |
| 3BR | $322,895 | $1,680 | 3.7% | +7.6% | $107,632 |
| 4BR | $383,535 | $1,960 | 3.7% | +7.7% | $95,884 |
Market Trends
Home Value History (with trend line)
📊 How Does 49404 Compare?
| Metric | 49404 | Coopersville | Grand Rapids-Kentwood, MI | Michigan |
|---|---|---|---|---|
| Home Value | $359,136 | $359,136 | N/A | $253,279 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.8% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 49404 (Coopersville, MI). Anonymous, moderated, never written by AI.
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Property managers serving Ottawa County
Manage rentals here? List your business →AMK Rentals and Property Management provides rental and property management services. summary from their website
The Property Management Association of West Michigan (PMAWM) is an association for property management professionals, offering resources, education, and events. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $359,136 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 49404
Population: 9,021
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 49404
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 556 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Coopersville, MI?
Coopersville, MI median home values land near $359K. That is reasonable territory for investors looking at $1,197/mo-per-month rentals.
What kind of tenants rent in Coopersville, MI?
Tenant demand in Coopersville, MI is solid. The local workforce $1,197/mo rents across most rental classes.
How strong are rents in Coopersville, MI?
Expect rents around $1,197/mo per month in Coopersville, MI. With home values at $359K, the yield math works out to reasonable levels for rental investors.
Should investors consider Coopersville, MI?
Coopersville, MI comes in at an investability rating of 3.0/5, with median home values near $359K and average rents around $1,197/mo. That combination puts it in the impressive tier for investor interest.
How landlord-friendly is Coopersville, MI?
MI law landlord-friendly for landlords, and Coopersville inherits those rules. Investors should still review local ordinances for rental licensing.
You know 49404 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49404 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 49404 ranks in Grand Rapids-Kentwood, MI
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