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

Madison Heights, MI has a median modeled monthly cash flow of $-103 and a median cap rate of 5.7%, on a median sold price of $225,000. Prices changed +4.3% year over year.

What is the average cap rate in Madison Heights, MI?

The median cap rate across recently sold homes in Madison Heights, MI is 5.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Madison Heights, MI?

The median sold price in Madison Heights, MI is $225,000 (about $171 per square foot).

Investing in Madison Heights, MI Real Estate

A data-driven snapshot of the Madison Heights, 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.

$225,000Median sold price

$171Median $/sqft

5.7%Median cap rate

$-103Modeled cash flow / mo

+4.3%Appreciation YoY

5.2Months of supply

154Active listings

355Sold (last 12 mo)

What the Madison Heights numbers say

In Madison Heights, MI, the median home sold for $225,000 (about $171 per square foot), and the typical deal models out to a 5.7% cap rate with a median $-103 of monthly cash flow. Sold prices moved +4.3% over the past year. Inventory sits at about 5.2 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 Madison Heights cash-flowing listings

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