Real Estate Investing in Holland, Michigan (49423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49423 (Holland, 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.
No major risk flags on the data we track.
What’s happening in Holland, MI (49423)?
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Market Analysis: 49423 Holland
Investors eyeing 49423 need to respect the fundamentals at play. Home values of $357K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $357K purchase price, 0.0% nominal cap — the work to hit that pro forma in 49423 is substantial and deserves full respect.
Statewide comparisons place 49423 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 49423 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 49423 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 Holland:
Property Strategy for 49423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $238,656 | $1,240 | 3.7% | +7.7% | $238,656 |
| 2BR | $276,589 | $1,480 | 3.9% | +8.9% | $138,294 |
| 3BR | $337,730 | $1,870 | 4.0% | +8.6% | $112,577 |
| 4BR | $397,408 | $2,150 | 3.9% | +8.8% | $99,352 |
| 5BR | $536,850 | — | — | +8.7% | $107,370 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49423 Compare?
| Metric | 49423 | Holland | Holland, MI | Michigan |
|---|---|---|---|---|
| Home Value | $357,248 | $375,076 | N/A | $253,279 |
| 5-Year CAGR | 5.9% | 5.8% | N/A | 6.8% |
| Avg Rent | $1,624 | $1,698 | N/A | - |
| Cap Rate | 3.6% | 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 49423 (Holland, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $357,248 |
| Monthly Rent | $1,624 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +9.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 49423
Population: 46,693
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 49423
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 expensive is real estate in Holland, MI?
The median home value in Holland, MI is roughly $357K. That puts it reasonable relative to the MI statewide average.
How strict are landlord regulations in Holland, MI?
Holland, MI operates under MI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is Holland, MI a good place for real estate investing?
Holland, MI clocks in at an investability rating of 3.0/5, with median home values near $357K and average rents around $1,624/mo. That combination puts it in the solid tier for investor interest.
How much is rent in Holland, MI?
Holland, MI rentals go for roughly $1,624/mo a month. That puts gross yield in solid territory relative to $357K acquisition costs.
Is Holland, MI good for house hacking?
The house hack math a challenging in Holland, MI. Owner-occupant buyers benefit from the $1,624/mo rents and $357K home values.
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How 49423 ranks in Holland, MI
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