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

Milan, MI has a median modeled monthly cash flow of $-815 and a median cap rate of 2.9%, on a median sold price of $317,496. Prices changed +4.6% year over year.

What is the average cap rate in Milan, MI?

The median cap rate across recently sold homes in Milan, MI is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Milan, MI?

The median sold price in Milan, MI is $317,496 (about $194 per square foot).

Investing in Milan, MI Real Estate

A data-driven snapshot of the Milan, 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.

$317,496Median sold price

$194Median $/sqft

2.9%Median cap rate

$-815Modeled cash flow / mo

+4.6%Appreciation YoY

8.3Months of supply

88Active listings

128Sold (last 12 mo)

What the Milan numbers say

In Milan, MI, the median home sold for $317,496 (about $194 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-815 of monthly cash flow. Sold prices moved +4.6% over the past year. Inventory sits at about 8.3 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 Milan cash-flowing listings

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