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

Dearborn, MI has a median modeled monthly cash flow of $-443 and a median cap rate of 4.3%, on a median sold price of $271,500. Prices changed +1.3% year over year.

What is the average cap rate in Dearborn, MI?

The median cap rate across recently sold homes in Dearborn, MI is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Dearborn, MI?

The median sold price in Dearborn, MI is $271,500 (about $151 per square foot).

Investing in Dearborn, MI Real Estate

A data-driven snapshot of the Dearborn, 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.

$271,500Median sold price

$151Median $/sqft

4.3%Median cap rate

$-443Modeled cash flow / mo

+1.3%Appreciation YoY

4.0Months of supply

301Active listings

903Sold (last 12 mo)

What the Dearborn numbers say

In Dearborn, MI, the median home sold for $271,500 (about $151 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-443 of monthly cash flow. Sold prices moved +1.3% over the past year. Inventory sits at about 4.0 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 Dearborn cash-flowing listings

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