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

Hazel Park, MI has a median modeled monthly cash flow of $-10 and a median cap rate of 6.2%, on a median sold price of $175,000. Prices changed -5.6% 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 6.2%, 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 $175,000 (about $152 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.

$175,000Median sold price

$152Median $/sqft

6.2%Median cap rate

$-10Modeled cash flow / mo

-5.6%Appreciation YoY

6.1Months of supply

128Active listings

251Sold (last 12 mo)

What the Hazel Park numbers say

In Hazel Park, MI, the median home sold for $175,000 (about $152 per square foot), and the typical deal models out to a 6.2% cap rate with a median $-10 of monthly cash flow. Sold prices moved -5.6% over the past year. Inventory sits at about 6.1 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 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.