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

East Lansing, MI has a median modeled monthly cash flow of $-912 and a median cap rate of 2.7%, on a median sold price of $320,000. Prices changed +0.9% year over year.

What is the average cap rate in East Lansing, MI?

The median cap rate across recently sold homes in East Lansing, MI is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in East Lansing, MI?

The median sold price in East Lansing, MI is $320,000 (about $170 per square foot).

Investing in East Lansing, MI Real Estate

A data-driven snapshot of the East Lansing, 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.

$320,000Median sold price

$170Median $/sqft

2.7%Median cap rate

$-912Modeled cash flow / mo

+0.9%Appreciation YoY

9.0Months of supply

219Active listings

291Sold (last 12 mo)

What the East Lansing numbers say

In East Lansing, MI, the median home sold for $320,000 (about $170 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-912 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-friendly market. 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 East Lansing cash-flowing listings

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