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

Lexington, MI has a median modeled monthly cash flow of $-1,078 and a median cap rate of 2.1%, on a median sold price of $241,650. Prices changed +12.8% year over year.

What is the average cap rate in Lexington, MI?

The median cap rate across recently sold homes in Lexington, MI is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lexington, MI?

The median sold price in Lexington, MI is $241,650 (about $203 per square foot).

Investing in Lexington, MI Real Estate

A data-driven snapshot of the Lexington, 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.

$241,650Median sold price

$203Median $/sqft

2.1%Median cap rate

$-1,078Modeled cash flow / mo

+12.8%Appreciation YoY

4.5Months of supply

48Active listings

128Sold (last 12 mo)

What the Lexington numbers say

In Lexington, MI, the median home sold for $241,650 (about $203 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,078 of monthly cash flow. Sold prices moved +12.8% over the past year. Inventory sits at about 4.5 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 Lexington cash-flowing listings

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