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

Northville, MI has a median modeled monthly cash flow of $-1,777 and a median cap rate of 2.7%, on a median sold price of $565,000. Prices changed +2.0% year over year.

What is the average cap rate in Northville, MI?

The median cap rate across recently sold homes in Northville, MI is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Northville, MI?

The median sold price in Northville, MI is $565,000 (about $206 per square foot).

Investing in Northville, MI Real Estate

A data-driven snapshot of the Northville, 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.

$565,000Median sold price

$206Median $/sqft

2.7%Median cap rate

$-1,777Modeled cash flow / mo

+2.0%Appreciation YoY

8.6Months of supply

410Active listings

569Sold (last 12 mo)

What the Northville numbers say

In Northville, MI, the median home sold for $565,000 (about $206 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,777 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 8.6 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 Northville cash-flowing listings

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