Michigan — Rental Investment Markets
All Michigan metros ranked by cap rate. Median cap rate: 3.5%, median home price: $288,915.
Median Cap Rate
3.5%
Median Home Price
$288,915
Median Rent
$1,537/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Detroit, MI | 14.4% | +$604/mo | $89,148 | $1,400/mo | 🟢 STRONG |
| 2 | Flint, MI | 13.3% | +$490/mo | $85,491 | $1,270/mo | 🟢 STRONG |
| 3 | Redford, MI | 9.3% | +$395/mo | $165,886 | $1,845/mo | 🟢 STRONG |
| 4 | Pontiac, MI | 8.1% | +$205/mo | $141,215 | $1,400/mo | 🟢 STRONG |
| 5 | Saginaw, MI | 8.0% | +$193/mo | $139,243 | $1,280/mo | 🟢 GOOD |
| 6 | Homer, MI | 7.1% | +$85/mo | $138,307 | $1,240/mo | 🟢 GOOD |
| 7 | Dearborn Heights, MI | 6.8% | -$23/mo | $214,014 | $1,730/mo | 🟢 GOOD |
| 8 | Jackson, MI | 6.7% | +$48/mo | $169,281 | $1,420/mo | 🟢 GOOD |
| 9 | Burton, MI | 6.5% | +$11/mo | $182,115 | $1,430/mo | 🟢 GOOD |
| 10 | Rhodes, MI | 6.2% | -$31/mo | $215,080 | $1,730/mo | 🟢 GOOD |
| 11 | Albion, MI | 6.1% | -$37/mo | $149,010 | $1,180/mo | 🟢 GOOD |
| 12 | Southfield, MI | 5.9% | -$94/mo | $239,103 | $1,850/mo | 🟡 MODERATE |
| 13 | Springport, MI | 5.9% | -$81/mo | $203,001 | $1,570/mo | 🟡 MODERATE |
| 14 | Wheeler, MI | 5.8% | -$91/mo | $185,074 | $1,410/mo | 🟡 MODERATE |
| 15 | Lansing, MI | 5.7% | -$94/mo | $167,435 | $1,390/mo | 🟡 MODERATE |
| 16 | Willis, MI | 5.6% | -$199/mo | $298,461 | $2,210/mo | 🟡 MODERATE |
| 17 | Westland, MI | 5.6% | -$144/mo | $213,711 | $1,580/mo | 🟡 MODERATE |
| 18 | Dearborn, MI | 5.6% | -$179/mo | $246,376 | $1,860/mo | 🟡 MODERATE |
| 19 | Bay City, MI | 5.4% | -$192/mo | $174,516 | $1,200/mo | 🟡 MODERATE |
| 20 | Burt, MI | 5.4% | -$170/mo | $204,078 | $1,470/mo | 🟡 MODERATE |
| 21 | Saint Clair Shores, MI | 5.3% | -$201/mo | $229,654 | $1,610/mo | 🟡 MODERATE |
| 22 | Battle Creek, MI | 5.2% | -$188/mo | $199,467 | $1,390/mo | 🟡 MODERATE |
| 23 | Oakley, MI | 5.2% | -$183/mo | $190,218 | $1,340/mo | 🟡 MODERATE |
| 24 | Henderson, MI | 5.0% | -$202/mo | $180,916 | $1,240/mo | 🟡 MODERATE |
| 25 | Trufant, MI | 4.9% | -$287/mo | $232,385 | $1,560/mo | 🟡 MODERATE |
| 26 | Bannister, MI | 4.9% | -$225/mo | $184,341 | $1,240/mo | 🟡 MODERATE |
| 27 | Litchfield, MI | 4.8% | -$239/mo | $183,842 | $1,220/mo | 🟡 MODERATE |
| 28 | Owosso, MI | 4.8% | -$250/mo | $185,559 | $1,220/mo | 🟡 MODERATE |
| 29 | Warren, MI | 4.8% | -$297/mo | $224,107 | $1,560/mo | 🟡 MODERATE |
| 30 | Ypsilanti, MI | 4.8% | -$298/mo | $229,213 | $1,520/mo | 🟡 MODERATE |
| 31 | Ovid, MI | 4.7% | -$277/mo | $191,978 | $1,240/mo | 🟡 MODERATE |
| 32 | Athens, MI | 4.6% | -$309/mo | $207,646 | $1,330/mo | 🟡 MODERATE |
| 33 | Montrose, MI | 4.5% | -$321/mo | $208,266 | $1,320/mo | 🟡 MODERATE |
| 34 | Hubbardston, MI | 4.5% | -$309/mo | $196,794 | $1,240/mo | 🟡 MODERATE |
| 35 | Monroe, MI | 4.4% | -$364/mo | $220,224 | $1,365/mo | 🟡 MODERATE |
| 36 | Elsie, MI | 4.4% | -$324/mo | $198,927 | $1,240/mo | 🟡 MODERATE |
| 37 | Clinton Township, MI | 4.4% | -$475/mo | $265,402 | $1,520/mo | 🟡 MODERATE |
| 38 | Durand, MI | 4.4% | -$325/mo | $196,672 | $1,220/mo | 🟡 MODERATE |
| 39 | Gregory, MI | 4.4% | -$591/mo | $360,246 | $2,240/mo | 🟡 MODERATE |
| 40 | Merrill, MI | 4.3% | -$349/mo | $200,243 | $1,220/mo | 🟡 MODERATE |
| 41 | Niles, MI | 4.3% | -$360/mo | $210,335 | $1,290/mo | 🟡 MODERATE |
| 42 | Columbiaville, MI | 4.2% | -$477/mo | $255,720 | $1,520/mo | 🟡 MODERATE |
| 43 | Midland, MI | 4.2% | -$464/mo | $256,179 | $1,540/mo | 🟡 MODERATE |
| 44 | Leslie, MI | 4.2% | -$426/mo | $239,603 | $1,450/mo | 🟡 MODERATE |
| 45 | Huron, MI | 4.2% | -$628/mo | $343,855 | $2,060/mo | 🟡 MODERATE |
| 46 | Wyoming, MI | 4.2% | -$505/mo | $280,653 | $1,690/mo | 🟡 MODERATE |
| 47 | Birch Run, MI | 4.2% | -$422/mo | $235,418 | $1,420/mo | 🟡 MODERATE |
| 48 | Grand Rapids, MI | 4.1% | -$581/mo | $299,884 | $1,820/mo | 🟡 MODERATE |
| 49 | Royal Oak, MI | 4.1% | -$628/mo | $336,009 | $1,995/mo | 🟡 MODERATE |
| 50 | Grant, MI | 4.1% | -$516/mo | $266,445 | $1,560/mo | 🟡 MODERATE |
| 51 | Fenwick, MI | 4.1% | -$454/mo | $236,508 | $1,390/mo | 🟡 MODERATE |
| 52 | Commerce Township, MI | 4.1% | -$782/mo | $388,655 | $2,240/mo | 🟡 MODERATE |
| 53 | Linwood, MI | 4.1% | -$384/mo | $203,029 | $1,200/mo | 🟡 MODERATE |
| 54 | Waterford, MI | 4.1% | -$482/mo | $279,811 | $1,520/mo | 🟡 MODERATE |
| 55 | Greenville, MI | 4.0% | -$548/mo | $271,118 | $1,560/mo | 🟡 MODERATE |
| 56 | Otter Lake, MI | 4.0% | -$474/mo | $235,891 | $1,360/mo | 🟡 MODERATE |
| 57 | Belding, MI | 4.0% | -$540/mo | $269,944 | $1,560/mo | 🟡 MODERATE |
| 58 | New Haven, MI | 4.0% | -$680/mo | $343,676 | $1,995/mo | 🟡 MODERATE |
| 59 | Flushing, MI | 4.0% | -$478/mo | $240,081 | $1,390/mo | 🟡 MODERATE |
| 60 | Perry, MI | 3.9% | -$558/mo | $270,161 | $1,540/mo | 🔴 WEAK |
| 61 | Portland, MI | 3.9% | -$607/mo | $288,357 | $1,630/mo | 🔴 WEAK |
| 62 | Eau Claire, MI | 3.9% | -$530/mo | $258,787 | $1,480/mo | 🔴 WEAK |
| 63 | Lakeview, MI | 3.8% | -$453/mo | $204,745 | $1,130/mo | 🔴 WEAK |
| 64 | Otisville, MI | 3.8% | -$530/mo | $244,111 | $1,360/mo | 🔴 WEAK |
| 65 | Onondaga, MI | 3.8% | -$559/mo | $259,437 | $1,450/mo | 🔴 WEAK |
| 66 | Livonia, MI | 3.8% | -$719/mo | $328,168 | $1,820/mo | 🔴 WEAK |
| 67 | Kalamazoo, MI | 3.8% | -$527/mo | $242,469 | $1,380/mo | 🔴 WEAK |
| 68 | Bailey, MI | 3.7% | -$630/mo | $283,304 | $1,560/mo | 🔴 WEAK |
| 69 | Lapeer, MI | 3.7% | -$572/mo | $254,589 | $1,395/mo | 🔴 WEAK |
| 70 | Mulliken, MI | 3.7% | -$523/mo | $233,288 | $1,280/mo | 🔴 WEAK |
| 71 | Webberville, MI | 3.7% | -$641/mo | $282,487 | $1,540/mo | 🔴 WEAK |
| 72 | Chesaning, MI | 3.7% | -$477/mo | $213,172 | $1,170/mo | 🔴 WEAK |
| 73 | Bellevue, MI | 3.6% | -$571/mo | $244,176 | $1,310/mo | 🔴 WEAK |
| 74 | Brooklyn, MI | 3.6% | -$644/mo | $280,482 | $1,520/mo | 🔴 WEAK |
| 75 | Eaton Rapids, MI | 3.6% | -$593/mo | $253,503 | $1,360/mo | 🔴 WEAK |
| 76 | Olivet, MI | 3.5% | -$552/mo | $232,831 | $1,240/mo | 🔴 WEAK |
| 77 | Byron, MI | 3.5% | -$713/mo | $293,259 | $1,540/mo | 🔴 WEAK |
| 78 | Belleville, MI | 3.5% | -$739/mo | $310,444 | $1,650/mo | 🔴 WEAK |
| 79 | Hartland, MI | 3.5% | -$919/mo | $387,073 | $2,060/mo | 🔴 WEAK |
| 80 | Sterling Heights, MI | 3.5% | -$721/mo | $309,759 | $1,700/mo | 🔴 WEAK |
| 81 | Berrien Center, MI | 3.5% | -$712/mo | $294,210 | $1,550/mo | 🔴 WEAK |
| 82 | Dowagiac, MI | 3.5% | -$539/mo | $224,845 | $1,190/mo | 🔴 WEAK |
| 83 | Davison, MI | 3.5% | -$630/mo | $258,959 | $1,360/mo | 🔴 WEAK |
| 84 | Britton, MI | 3.5% | -$677/mo | $285,483 | $1,520/mo | 🔴 WEAK |
| 85 | Howell, MI | 3.5% | -$933/mo | $381,812 | $2,000/mo | 🔴 WEAK |
| 86 | Casnovia, MI | 3.5% | -$743/mo | $311,091 | $1,650/mo | 🔴 WEAK |
| 87 | Goodrich, MI | 3.4% | -$929/mo | $371,439 | $1,920/mo | 🔴 WEAK |
| 88 | Concord, MI | 3.4% | -$593/mo | $241,256 | $1,260/mo | 🔴 WEAK |
| 89 | Charlotte, MI | 3.4% | -$596/mo | $239,313 | $1,240/mo | 🔴 WEAK |
| 90 | Reese, MI | 3.4% | -$552/mo | $224,246 | $1,170/mo | 🔴 WEAK |
| 91 | Farmington Hills, MI | 3.4% | -$790/mo | $359,090 | $2,080/mo | 🔴 WEAK |
| 92 | Clarksville, MI | 3.4% | -$754/mo | $301,631 | $1,560/mo | 🔴 WEAK |
| 93 | Lawton, MI | 3.4% | -$715/mo | $286,240 | $1,480/mo | 🔴 WEAK |
| 94 | Stockbridge, MI | 3.4% | -$720/mo | $294,276 | $1,540/mo | 🔴 WEAK |
| 95 | Fenton, MI | 3.3% | -$943/mo | $367,457 | $1,870/mo | 🔴 WEAK |
| 96 | Milan, MI | 3.3% | -$796/mo | $309,092 | $1,570/mo | 🔴 WEAK |
| 97 | Freeland, MI | 3.3% | -$749/mo | $294,886 | $1,510/mo | 🔴 WEAK |
| 98 | Gowen, MI | 3.3% | -$787/mo | $306,571 | $1,560/mo | 🔴 WEAK |
| 99 | Sunfield, MI | 3.3% | -$614/mo | $242,002 | $1,240/mo | 🔴 WEAK |
| 100 | Vienna, MI | 3.3% | -$557/mo | $218,864 | $1,120/mo | 🔴 WEAK |
| 101 | Sand Lake, MI | 3.2% | -$810/mo | $309,972 | $1,560/mo | 🔴 WEAK |
| 102 | Freeport, MI | 3.2% | -$834/mo | $313,606 | $1,560/mo | 🔴 WEAK |
| 103 | Kentwood, MI | 3.2% | -$960/mo | $355,493 | $1,750/mo | 🔴 WEAK |
| 104 | Canton, MI | 3.2% | -$1,072/mo | $407,976 | $2,045/mo | 🔴 WEAK |
| 105 | Flat Rock, MI | 3.2% | -$816/mo | $312,158 | $1,570/mo | 🔴 WEAK |
| 106 | West Bloomfield, MI | 3.2% | -$1,220/mo | $448,113 | $2,195/mo | 🔴 WEAK |
| 107 | Chelsea, MI | 3.1% | -$1,131/mo | $412,378 | $2,010/mo | 🔴 WEAK |
| 108 | Muskegon, MI | 3.1% | -$805/mo | $294,681 | $1,270/mo | 🔴 WEAK |
| 109 | White Lake, MI | 3.1% | -$1,119/mo | $400,882 | $1,930/mo | 🔴 WEAK |
| 110 | New Lothrop, MI | 3.1% | -$668/mo | $245,150 | $1,200/mo | 🔴 WEAK |
| 111 | Portage, MI | 3.1% | -$800/mo | $293,380 | $1,435/mo | 🔴 WEAK |
| 112 | Vicksburg, MI | 3.1% | -$692/mo | $254,716 | $1,250/mo | 🔴 WEAK |
| 113 | Lake Odessa, MI | 3.1% | -$714/mo | $260,435 | $1,270/mo | 🔴 WEAK |
| 114 | Grand Blanc, MI | 3.1% | -$806/mo | $293,623 | $1,430/mo | 🔴 WEAK |
| 115 | Holly, MI | 3.1% | -$892/mo | $322,254 | $1,560/mo | 🔴 WEAK |
| 116 | Climax, MI | 3.0% | -$759/mo | $264,744 | $1,250/mo | 🔴 WEAK |
| 117 | Grass Lake, MI | 3.0% | -$968/mo | $342,007 | $1,630/mo | 🔴 WEAK |
| 118 | Troy, MI | 3.0% | -$1,354/mo | $478,996 | $2,220/mo | 🔴 WEAK |
| 119 | Kent City, MI | 3.0% | -$927/mo | $332,180 | $1,600/mo | 🔴 WEAK |
| 120 | Pinckney, MI | 3.0% | -$1,115/mo | $399,059 | $1,920/mo | 🔴 WEAK |
| 121 | Fowlerville, MI | 3.0% | -$928/mo | $329,984 | $1,580/mo | 🔴 WEAK |
| 122 | Walker, MI | 3.0% | -$1,042/mo | $367,012 | $1,745/mo | 🔴 WEAK |
| 123 | Hemlock, MI | 3.0% | -$694/mo | $247,846 | $1,190/mo | 🔴 WEAK |
| 124 | Gaines, MI | 2.9% | -$836/mo | $289,473 | $1,360/mo | 🔴 WEAK |
| 125 | Chesterfield, MI | 2.9% | -$953/mo | $326,941 | $1,525/mo | 🔴 WEAK |
| 126 | Grand Ledge, MI | 2.9% | -$881/mo | $301,150 | $1,400/mo | 🔴 WEAK |
| 127 | Macomb, MI | 2.8% | -$1,268/mo | $427,834 | $1,970/mo | 🔴 WEAK |
| 128 | Conklin, MI | 2.8% | -$1,128/mo | $379,122 | $1,740/mo | 🔴 WEAK |
| 129 | Rochester Hills, MI | 2.8% | -$1,366/mo | $452,201 | $2,050/mo | 🔴 WEAK |
| 130 | Ravenna, MI | 2.8% | -$885/mo | $299,298 | $1,380/mo | 🔴 WEAK |
| 131 | Sparta, MI | 2.8% | -$1,015/mo | $340,465 | $1,560/mo | 🔴 WEAK |
| 132 | Whitmore Lake, MI | 2.8% | -$1,076/mo | $360,485 | $1,650/mo | 🔴 WEAK |
| 133 | Pewamo, MI | 2.7% | -$848/mo | $276,647 | $1,240/mo | 🔴 WEAK |
| 134 | Augusta, MI | 2.7% | -$1,030/mo | $337,821 | $1,520/mo | 🔴 WEAK |
| 135 | Novi, MI | 2.7% | -$1,163/mo | $408,560 | $2,400/mo | 🔴 WEAK |
| 136 | Clarkston, MI | 2.7% | -$1,392/mo | $437,212 | $1,895/mo | 🔴 WEAK |
| 137 | Linden, MI | 2.7% | -$1,047/mo | $344,005 | $1,550/mo | 🔴 WEAK |
| 138 | Milford, MI | 2.7% | -$1,699/mo | $556,272 | $2,500/mo | 🔴 WEAK |
| 139 | Holland, MI | 2.7% | -$1,134/mo | $372,745 | $1,680/mo | 🔴 WEAK |
| 140 | Grandville, MI | 2.6% | -$1,220/mo | $384,189 | $1,670/mo | 🔴 WEAK |
| 141 | Haslett, MI | 2.6% | -$975/mo | $311,398 | $1,370/mo | 🔴 WEAK |
| 142 | Orion, MI | 2.6% | -$1,301/mo | $413,280 | $1,810/mo | 🔴 WEAK |
| 143 | Brighton, MI | 2.5% | -$1,457/mo | $445,008 | $1,880/mo | 🔴 WEAK |
| 144 | Shelby Township, MI | 2.5% | -$1,358/mo | $420,544 | $1,750/mo | 🔴 WEAK |
| 145 | Fruitport, MI | 2.5% | -$1,084/mo | $331,258 | $1,400/mo | 🔴 WEAK |
| 146 | Byron Center, MI | 2.4% | -$1,510/mo | $458,862 | $1,930/mo | 🔴 WEAK |
| 147 | Lowell, MI | 2.4% | -$1,372/mo | $408,047 | $1,680/mo | 🔴 WEAK |
| 148 | Laingsburg, MI | 2.4% | -$1,002/mo | $300,794 | $1,250/mo | 🔴 WEAK |
| 149 | Carleton, MI | 2.4% | -$1,097/mo | $328,323 | $1,360/mo | 🔴 WEAK |
| 150 | Dorr, MI | 2.3% | -$1,282/mo | $380,014 | $1,560/mo | 🔴 WEAK |
| 151 | Coopersville, MI | 2.2% | -$1,248/mo | $357,905 | $1,420/mo | 🔴 WEAK |
| 152 | Highland, MI | 2.2% | -$1,363/mo | $389,060 | $1,535/mo | 🔴 WEAK |
| 153 | Manchester, MI | 2.2% | -$1,305/mo | $378,637 | $1,520/mo | 🔴 WEAK |
| 154 | Ann Arbor, MI | 2.0% | -$1,765/mo | $529,615 | $2,120/mo | 🔴 WEAK |
| 155 | South Lyon, MI | 2.0% | -$1,718/mo | $470,323 | $1,770/mo | 🔴 WEAK |
| 156 | Ferrysburg, MI | 2.0% | -$1,529/mo | $420,301 | $1,590/mo | 🔴 WEAK |
| 157 | Marne, MI | 1.9% | -$1,572/mo | $423,101 | $1,560/mo | 🔴 POOR |
| 158 | Nunica, MI | 1.9% | -$1,432/mo | $380,403 | $1,380/mo | 🔴 POOR |
| 159 | Ortonville, MI | 1.9% | -$1,494/mo | $400,632 | $1,470/mo | 🔴 POOR |
| 160 | Westphalia, MI | 1.9% | -$1,279/mo | $340,734 | $1,240/mo | 🔴 POOR |
| 161 | Northville, MI | 1.9% | -$2,208/mo | $577,778 | $2,055/mo | 🔴 POOR |
| 162 | Plymouth, MI | 1.6% | -$1,938/mo | $481,028 | $1,590/mo | 🔴 POOR |
| 163 | Washington, MI | 1.5% | -$2,053/mo | $499,912 | $1,605/mo | 🔴 POOR |
| 164 | Leonard, MI | 1.3% | -$2,235/mo | $530,661 | $1,635/mo | 🔴 POOR |
| 165 | Bloomfield Hills, MI | 1.3% | -$3,281/mo | $729,051 | $2,220/mo | 🔴 POOR |
| 166 | Oakland, MI | 1.1% | -$2,882/mo | $648,028 | $1,810/mo | 🔴 POOR |