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

Grand Rapids, MI has a median modeled monthly cash flow of $-465 and a median cap rate of 4.5%, on a median sold price of $385,000. Prices changed +7.0% 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 $385,000 (about $206 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.

$385,000Median sold price

$206Median $/sqft

4.5%Median cap rate

$-465Modeled cash flow / mo

+7.0%Appreciation YoY

69.7Months of supply

912Active listings

157Sold (last 12 mo)

What the Grand Rapids numbers say

In Grand Rapids, MI, the median home sold for $385,000 (about $206 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-465 of monthly cash flow. Sold prices moved +7.0% over the past year. Inventory sits at about 69.7 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.

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.