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

East Lansing, MI has a median modeled monthly cash flow of $-1,352 and a median cap rate of 1.8%, on a median sold price of $326,475. Prices changed +3.6% 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 1.8%, 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 $326,475 (about $171 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.

$326,475Median sold price

$171Median $/sqft

1.8%Median cap rate

$-1,352Modeled cash flow / mo

+3.6%Appreciation YoY

4.7Months of supply

143Active listings

362Sold (last 12 mo)

What the East Lansing numbers say

In East Lansing, MI, the median home sold for $326,475 (about $171 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-1,352 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 4.7 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 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.