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

Ishpeming, MI has a median modeled monthly cash flow of $-291 and a median cap rate of 4.7%, on a median sold price of $200,000. Prices changed +13.4% year over year.

What is the average cap rate in Ishpeming, MI?

The median cap rate across recently sold homes in Ishpeming, MI is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ishpeming, MI?

The median sold price in Ishpeming, MI is $200,000 (about $148 per square foot).

Investing in Ishpeming, MI Real Estate

A data-driven snapshot of the Ishpeming, 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.

$200,000Median sold price

$148Median $/sqft

4.7%Median cap rate

$-291Modeled cash flow / mo

+13.4%Appreciation YoY

12.4Months of supply

113Active listings

109Sold (last 12 mo)

What the Ishpeming numbers say

In Ishpeming, MI, the median home sold for $200,000 (about $148 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-291 of monthly cash flow. Sold prices moved +13.4% over the past year. Inventory sits at about 12.4 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 Ishpeming cash-flowing listings

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