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

Garfield, MI has a median modeled monthly cash flow of $-1,115 and a median cap rate of 2.6%, on a median sold price of $399,000. Prices changed +6.6% year over year.

What is the average cap rate in Garfield, MI?

The median cap rate across recently sold homes in Garfield, MI is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Garfield, MI?

The median sold price in Garfield, MI is $399,000 (about $250 per square foot).

Investing in Garfield, MI Real Estate

A data-driven snapshot of the Garfield, 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.

$399,000Median sold price

$250Median $/sqft

2.6%Median cap rate

$-1,115Modeled cash flow / mo

+6.6%Appreciation YoY

12.6Months of supply

352Active listings

336Sold (last 12 mo)

What the Garfield numbers say

In Garfield, MI, the median home sold for $399,000 (about $250 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,115 of monthly cash flow. Sold prices moved +6.6% over the past year. Inventory sits at about 12.6 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.

🔨 See 4 fix-and-flip deals in Garfield — listings where the estimated after-repair value beats list price + rehab.

Other Michigan markets to compare

See Garfield cash-flowing listings

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