Real Estate Investing in Wyoming, Michigan (49509)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49509 (Wyoming, 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 Wyoming, MI (49509)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49509 Wyoming
ZIP 49509 in Wyoming, MI carries a notable set of headwinds. Home values near $266K and rents of $1,442/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 49509 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MI, ZIP 49509 trails on several market indicators that neighboring Kent County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 49509 ZIP's population of 28,133 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 49509, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wyoming:
Property Strategy for 49509
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,849 | $1,320 | 4.4% | +9.3% | $106,925 |
| 3BR | $254,544 | $1,710 | 4.8% | +8.8% | $84,848 |
| 4BR | $276,813 | $1,890 | 4.9% | +8.7% | $69,203 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49509 Compare?
| Metric | 49509 | Wyoming | Grand Rapids-Kentwood, MI | Michigan |
|---|---|---|---|---|
| Home Value | $266,348 | $283,268 | N/A | $253,279 |
| 5-Year CAGR | 6.3% | 6.1% | N/A | 6.8% |
| Avg Rent | $1,442 | $1,425 | N/A | - |
| Cap Rate | 4.2% | 3.9% | - | - |
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 49509 (Wyoming, MI). Anonymous, moderated, never written by AI.
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Property managers serving Kent County
Manage rentals here? List your business →PMI West Michigan provides residential, association, and commercial property management services in Grand Rapids, including marketing, tenant screening, rent collection, and maintenance. summary from their website
Access Property Management Group provides professional rental property management services in West Michigan. summary from their website
American Realty Property Management offers homes for rent in Grand Rapids, MI, with a diverse range of rentals from historic homes to modern urban spaces. 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 | $266,348 |
| Monthly Rent | $1,442 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (4.2%). 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 49509
Population: 28,133
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 49509
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 8,232 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 Wyoming, MI?
Expect rents around $1,442/mo per month in Wyoming, MI. With home values at $266K, the yield math works out to reasonable levels for rental investors.
Is it easy to find good tenants in Wyoming, MI?
Wyoming, MI draws a even-keeled base of working renters. Demand at the $1,442/mo rent level is reasonable for standard single-family and small multi rentals.
How tight is the rental market in Wyoming, MI?
Occupancy in Wyoming, MI runs stable with elevated vacancy. Well-priced units at $1,442/mo lease on reasonable timelines.
What price range are homes in Wyoming, MI?
Expect median prices around $266K in Wyoming, MI. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Should investors consider Wyoming, MI?
Investors tracking Wyoming, MI will find a 3.0/5 rating supported by $266K median home values and $1,442/mo rents. That profile suits long-term holders targeting measured returns.
You know 49509 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49509 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 49509 ranks in Grand Rapids-Kentwood, MI
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