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

Birmingham, MI has a median modeled monthly cash flow of $-4,283 and a median cap rate of 1.5%, on a median sold price of $875,000. Prices changed +4.5% year over year.

What is the average cap rate in Birmingham, MI?

The median cap rate across recently sold homes in Birmingham, MI is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Birmingham, MI?

The median sold price in Birmingham, MI is $875,000 (about $322 per square foot).

Investing in Birmingham, MI Real Estate

A data-driven snapshot of the Birmingham, 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.

$875,000Median sold price

$322Median $/sqft

1.5%Median cap rate

$-4,283Modeled cash flow / mo

+4.5%Appreciation YoY

5.8Months of supply

221Active listings

461Sold (last 12 mo)

What the Birmingham numbers say

In Birmingham, MI, the median home sold for $875,000 (about $322 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-4,283 of monthly cash flow. Sold prices moved +4.5% over the past year. Inventory sits at about 5.8 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 Birmingham cash-flowing listings

CashFlowRE ranks every for-sale home in Birmingham, 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 Birmingham deals, or browse the national market data.