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

Norway, MI has a median modeled monthly cash flow of $-251 and a median cap rate of 4.4%, on a median sold price of $129,900. Prices changed -11.3% year over year.

What is the average cap rate in Norway, MI?

The median cap rate across recently sold homes in Norway, MI is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Norway, MI?

The median sold price in Norway, MI is $129,900 (about $106 per square foot).

Investing in Norway, MI Real Estate

A data-driven snapshot of the Norway, 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.

$129,900Median sold price

$106Median $/sqft

4.4%Median cap rate

$-251Modeled cash flow / mo

-11.3%Appreciation YoY

7.2Months of supply

34Active listings

57Sold (last 12 mo)

What the Norway numbers say

In Norway, MI, the median home sold for $129,900 (about $106 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-251 of monthly cash flow. Sold prices moved -11.3% over the past year. Inventory sits at about 7.2 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 Norway cash-flowing listings

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