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

Clare, MI has a median modeled monthly cash flow of $-398 and a median cap rate of 3.9%, on a median sold price of $197,000. Prices changed +2.7% year over year.

What is the average cap rate in Clare, MI?

The median cap rate across recently sold homes in Clare, MI is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Clare, MI?

The median sold price in Clare, MI is $197,000 (about $134 per square foot).

Investing in Clare, MI Real Estate

A data-driven snapshot of the Clare, 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.

$197,000Median sold price

$134Median $/sqft

3.9%Median cap rate

$-398Modeled cash flow / mo

+2.7%Appreciation YoY

5.4Months of supply

23Active listings

51Sold (last 12 mo)

What the Clare numbers say

In Clare, MI, the median home sold for $197,000 (about $134 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-398 of monthly cash flow. Sold prices moved +2.7% 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 Clare cash-flowing listings

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