Real Estate Investing in Wyoming, Michigan (49519)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49519 (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 (49519)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 49519 Wyoming
Stepping back, ZIP 49519 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $300K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 49519 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MI picture, 49519 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 28,308 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 49519 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wyoming:
Property Strategy for 49519
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,562 | $1,490 | 4.7% | +9.0% | $113,781 |
| 3BR | $280,166 | $1,930 | 5.0% | +8.5% | $93,389 |
| 4BR | $327,050 | $2,130 | 4.7% | +7.8% | $81,762 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 49519 Compare?
| Metric | 49519 | Wyoming | Grand Rapids-Kentwood, MI | Michigan |
|---|---|---|---|---|
| Home Value | $300,188 | $283,268 | N/A | $253,279 |
| 5-Year CAGR | 5.8% | 6.1% | N/A | 6.8% |
| Avg Rent | $1,408 | $1,425 | N/A | - |
| Cap Rate | 3.7% | 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 49519 (Wyoming, MI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 49519 (Wyoming, MI)?
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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 | $300,188 |
| Monthly Rent | $1,408 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 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 49519
Population: 28,308
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 49519
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
West Godwin Elementary School
Oriole Park Elementary School
GodfreyLee Early Childhood Ctr
Lee Middle School
Godfrey Elementary School
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 is the typical home price in Wyoming, MI?
In Wyoming, MI the median home value sits at $300K. Against the broader MI market, that reads as reasonable for most investors.
What kind of tenants rent in Wyoming, MI?
Tenant quality in Wyoming, MI ranks as solid. Landlords generally report reliable occupancy at market rents of $1,408/mo.
Can I house hack in Wyoming, MI?
Wyoming, MI is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $300K price point reasonable to enter.
What monthly rent should investors expect in Wyoming, MI?
Rental rates in Wyoming, MI average $1,408/mo. Tenant demand and $300K home values make the yield look reasonable by investor standards.
Is Wyoming, MI landlord-friendly?
MI law landlord-friendly for landlords, and Wyoming inherits those rules. Investors should still review local ordinances for rental licensing.
You know 49519 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 49519 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 49519 ranks in Grand Rapids-Kentwood, MI
Every ZIP in this metro, ranked. Free.
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Community Ratings
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