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

Farmington Hills, MI has a median modeled monthly cash flow of $-919 and a median cap rate of 3.5%, on a median sold price of $381,900. Prices changed +0.3% year over year.

What is the average cap rate in Farmington Hills, MI?

The median cap rate across recently sold homes in Farmington Hills, MI is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Farmington Hills, MI?

The median sold price in Farmington Hills, MI is $381,900 (about $156 per square foot).

Investing in Farmington Hills, MI Real Estate

A data-driven snapshot of the Farmington Hills, 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.

$381,900Median sold price

$156Median $/sqft

3.5%Median cap rate

$-919Modeled cash flow / mo

+0.3%Appreciation YoY

4.6Months of supply

428Active listings

1,123Sold (last 12 mo)

What the Farmington Hills numbers say

In Farmington Hills, MI, the median home sold for $381,900 (about $156 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-919 of monthly cash flow. Sold prices moved +0.3% over the past year. Inventory sits at about 4.6 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 Farmington Hills cash-flowing listings

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