Is Ann Arbor, MI a good place to invest in rental property?

Ann Arbor, MI has a median modeled monthly cash flow of $-1,641 and a median cap rate of 2.5%, on a median sold price of $485,000. Prices changed +3.2% year over year.

What is the average cap rate in Ann Arbor, MI?

The median cap rate across recently sold homes in Ann Arbor, MI is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ann Arbor, MI?

The median sold price in Ann Arbor, MI is $485,000 (about $258 per square foot).

Investing in Ann Arbor, MI Real Estate

A data-driven snapshot of the Ann Arbor, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$485,000Median sold price

$258Median $/sqft

2.5%Median cap rate

$-1,641Modeled cash flow / mo

+3.2%Appreciation YoY

5.4Months of supply

671Active listings

1,500Sold (last 12 mo)

What the Ann Arbor numbers say

In Ann Arbor, MI, the median home sold for $485,000 (about $258 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,641 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 5.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Ann Arbor cash-flowing listings

CashFlowRE ranks every for-sale home in Ann Arbor, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Ann Arbor deals, or browse the national market data.