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

Rapid City, MI has a median modeled monthly cash flow of $-2,522 and a median cap rate of 0.3%, on a median sold price of $353,063. Prices changed +3.2% year over year.

What is the average cap rate in Rapid City, MI?

The median cap rate across recently sold homes in Rapid City, MI is 0.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rapid City, MI?

The median sold price in Rapid City, MI is $353,063 (about $258 per square foot).

Investing in Rapid City, MI Real Estate

A data-driven snapshot of the Rapid City, 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.

$353,063Median sold price

$258Median $/sqft

0.3%Median cap rate

$-2,522Modeled cash flow / mo

+3.2%Appreciation YoY

2.4Months of supply

19Active listings

96Sold (last 12 mo)

What the Rapid City numbers say

In Rapid City, MI, the median home sold for $353,063 (about $258 per square foot), and the typical deal models out to a 0.3% cap rate with a median $-2,522 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 2.4 months of supply — a tight, seller-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 Rapid City cash-flowing listings

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