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

Highland Park, MI has a median modeled monthly cash flow of $556 and a median cap rate of 13.0%, on a median sold price of $87,250. Prices changed -30.2% year over year.

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

The median cap rate across recently sold homes in Highland Park, MI is 13.0%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in Highland Park, MI is $87,250 (about $44 per square foot).

Investing in Highland Park, MI Real Estate

#17 cash-flow market in the U.S.

A data-driven snapshot of the Highland 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.

$87,250Median sold price

$44Median $/sqft

12.9%Median cap rate

$556Modeled cash flow / mo

-30.2%Appreciation YoY

22.1Months of supply

103Active listings

56Sold (last 12 mo)

What the Highland Park numbers say

In Highland Park, MI, the median home sold for $87,250 (about $44 per square foot), and the typical deal models out to a 12.9% cap rate with a median $556 of monthly cash flow. Sold prices moved -30.2% over the past year. Inventory sits at about 22.1 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 Highland Park cash-flowing listings

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