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

Homestead, MI has a median modeled monthly cash flow of $-631 and a median cap rate of 3.4%, on a median sold price of $215,000. Prices changed +6.8% year over year.

What is the average cap rate in Homestead, MI?

The median cap rate across recently sold homes in Homestead, MI is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Homestead, MI?

The median sold price in Homestead, MI is $215,000 (about $205 per square foot).

Investing in Homestead, MI Real Estate

A data-driven snapshot of the Homestead, 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.

$215,000Median sold price

$205Median $/sqft

3.4%Median cap rate

$-631Modeled cash flow / mo

+6.8%Appreciation YoY

9.0Months of supply

30Active listings

40Sold (last 12 mo)

What the Homestead numbers say

In Homestead, MI, the median home sold for $215,000 (about $205 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-631 of monthly cash flow. Sold prices moved +6.8% over the past year. Inventory sits at about 9.0 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 Homestead cash-flowing listings

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