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

Empire, MI has a median modeled monthly cash flow of $-3,030 and a median cap rate of 0.6%, on a median sold price of $367,500. Prices changed +7.5% year over year.

What is the average cap rate in Empire, MI?

The median cap rate across recently sold homes in Empire, MI is 0.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Empire, MI?

The median sold price in Empire, MI is $367,500 (about $372 per square foot).

Investing in Empire, MI Real Estate

A data-driven snapshot of the Empire, 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.

$367,500Median sold price

$372Median $/sqft

0.6%Median cap rate

$-3,030Modeled cash flow / mo

+7.5%Appreciation YoY

5.0Months of supply

22Active listings

53Sold (last 12 mo)

What the Empire numbers say

In Empire, MI, the median home sold for $367,500 (about $372 per square foot), and the typical deal models out to a 0.6% cap rate with a median $-3,030 of monthly cash flow. Sold prices moved +7.5% over the past year. Inventory sits at about 5.0 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 Empire cash-flowing listings

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