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

Niles, MI has a median modeled monthly cash flow of $-317 and a median cap rate of 4.3%, on a median sold price of $205,000. Prices changed +7.0% year over year.

What is the average cap rate in Niles, MI?

The median cap rate across recently sold homes in Niles, MI is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Niles, MI?

The median sold price in Niles, MI is $205,000 (about $146 per square foot).

Investing in Niles, MI Real Estate

A data-driven snapshot of the Niles, 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.

$205,000Median sold price

$146Median $/sqft

4.3%Median cap rate

$-317Modeled cash flow / mo

+7.0%Appreciation YoY

4.6Months of supply

140Active listings

363Sold (last 12 mo)

What the Niles numbers say

In Niles, MI, the median home sold for $205,000 (about $146 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-317 of monthly cash flow. Sold prices moved +7.0% over the past year. Inventory sits at about 4.6 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 Niles cash-flowing listings

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