Real Estate Investing in Bessemer, Michigan (49911)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49911 (Bessemer, 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.
- High vacancy: 33.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bessemer, MI (49911)?
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Market Analysis: 49911 Bessemer
On the rental side, ZIP 49911 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $116K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $116K asset, 49911 is the wrong submarket. If the plan prices in friction, the yield can still work.
Turning to rents, 49911 offers a low basis, the region around Bessemer has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 49911 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 49911 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 Bessemer:
Market Trends
Home Value History (with trend line)
📊 How Does 49911 Compare?
| Metric | 49911 | Bessemer | Michigan |
|---|---|---|---|
| Home Value | $115,575 | $115,575 | $253,279 |
| 5-Year CAGR | 5.8% | 5.8% | 6.8% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 5.9% | 5.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49911 (Bessemer, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,575 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (5.9%). 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 49911
Population: 2,843
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 49911
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
Where do rents currently stand in Bessemer, MI?
Bessemer, MI rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $116K acquisition costs.
Is vacancy a concern in Bessemer, MI?
Vacancy in Bessemer, MI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
What is the investability score for Bessemer, MI?
Bessemer, MI scores 3.0/5 for investability. Home values sit at $116K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How viable is house hacking in Bessemer, MI?
House hacking works a challenging in Bessemer, MI. Rents of $873/mo against $116K acquisition make the strategy solid for owner-occupants.
What price range are homes in Bessemer, MI?
Typical homes in Bessemer, MI go for around $116K. The 5-year CAGR of 0.0% consistent price movement.
You know 49911 now. You don’t know where it ranks.
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