Real Estate Investing in Jenison, Michigan (49428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49428 (Jenison, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Jenison, MI (49428)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49428 Jenison
ZIP 49428 inside Ottawa County looks affordable on the surface — median value of $371K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 49428 is solid only for operators who understand what they are buying. A $371K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 49428 among MI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 49428 ZIP's population of 28,090 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 49428 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Jenison:
Property Strategy for 49428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,896 | $1,560 | 4.7% | +9.4% | $119,948 |
| 3BR | $339,470 | $1,980 | 4.2% | +8.5% | $113,157 |
| 4BR | $388,598 | $2,320 | 4.3% | +8.0% | $97,150 |
| 5BR | $465,535 | — | — | +8.3% | $93,107 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49428 Compare?
| Metric | 49428 | Jenison | Grand Rapids-Kentwood, MI | Michigan |
|---|---|---|---|---|
| Home Value | $371,495 | $371,495 | N/A | $253,279 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.8% |
| Avg Rent | $1,748 | $1,748 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49428 (Jenison, 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 | $371,495 |
| Monthly Rent | $1,748 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.7%). 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 49428
Population: 28,090
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 49428
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 8,788 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Jenison, MI?
Average rent in Jenison, MI is approximately $1,748/mo per month. Against $371K home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in Jenison, MI?
Tenant demand in Jenison, MI is solid. The local workforce $1,748/mo rents across most rental classes.
What type of investing works in Jenison, MI?
Investors usually favor careful cash-flow rentals with hands-on management in Jenison, MI. With home values at $371K and rents near $1,748/mo, other strategies can work but produce steady rather than outsized returns.
How strict are landlord regulations in Jenison, MI?
Jenison, MI operates under MI law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
How strong is Jenison, MI for real estate investors?
Jenison, MI scores 3.0/5 for investability. Home values sit at $371K and rents near $1,748/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 49428 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49428 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 49428 ranks in Grand Rapids-Kentwood, MI
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