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

Hazel Park, MI has a median modeled monthly cash flow of $-2 and a median cap rate of 6.3%, on a median sold price of $178,250. Prices changed -7.5% year over year.

What is the average cap rate in Hazel Park, MI?

The median cap rate across recently sold homes in Hazel Park, MI is 6.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hazel Park, MI?

The median sold price in Hazel Park, MI is $178,250 (about $148 per square foot).

Investing in Hazel Park, MI Real Estate

A data-driven snapshot of the Hazel Park, 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.

$178,250Median sold price

$148Median $/sqft

6.3%Median cap rate

$-2Modeled cash flow / mo

-7.5%Appreciation YoY

11.7Months of supply

261Active listings

268Sold (last 12 mo)

What the Hazel Park numbers say

In Hazel Park, MI, the median home sold for $178,250 (about $148 per square foot), and the typical deal models out to a 6.3% cap rate with a median $-2 of monthly cash flow. Sold prices moved -7.5% over the past year. Inventory sits at about 11.7 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 Hazel Park cash-flowing listings

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