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

Okemos, MI has a median modeled monthly cash flow of $-1,110 and a median cap rate of 2.9%, on a median sold price of $383,000. Prices changed +2.0% year over year.

What is the average cap rate in Okemos, MI?

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

What is the median home price in Okemos, MI?

The median sold price in Okemos, MI is $383,000 (about $154 per square foot).

Investing in Okemos, MI Real Estate

A data-driven snapshot of the Okemos, 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.

$383,000Median sold price

$154Median $/sqft

2.9%Median cap rate

$-1,110Modeled cash flow / mo

+2.0%Appreciation YoY

5.3Months of supply

104Active listings

234Sold (last 12 mo)

What the Okemos numbers say

In Okemos, MI, the median home sold for $383,000 (about $154 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,110 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 5.3 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 Okemos cash-flowing listings

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