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

Grand Rapids, MI has a median modeled monthly cash flow of $-455 and a median cap rate of 4.5%, on a median sold price of $444,000. Prices changed +6.9% year over year.

What is the average cap rate in Grand Rapids, MI?

The median cap rate across recently sold homes in Grand Rapids, MI is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Grand Rapids, MI?

The median sold price in Grand Rapids, MI is $444,000 (about $216 per square foot).

Investing in Grand Rapids, MI Real Estate

A data-driven snapshot of the Grand Rapids, 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.

$444,000Median sold price

$216Median $/sqft

4.5%Median cap rate

$-455Modeled cash flow / mo

+6.9%Appreciation YoY

59.3Months of supply

1,409Active listings

285Sold (last 12 mo)

What the Grand Rapids numbers say

In Grand Rapids, MI, the median home sold for $444,000 (about $216 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-455 of monthly cash flow. Sold prices moved +6.9% over the past year. Inventory sits at about 59.3 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 7 fix-and-flip deals in Grand Rapids — listings where the estimated after-repair value beats list price + rehab.

Other Michigan markets to compare

See Grand Rapids cash-flowing listings

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