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

Salem, MI has a median modeled monthly cash flow of $-1,945 and a median cap rate of 1.5%, on a median sold price of $457,700. Prices changed +3.1% year over year.

What is the average cap rate in Salem, MI?

The median cap rate across recently sold homes in Salem, MI is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, MI?

The median sold price in Salem, MI is $457,700 (about $214 per square foot).

Investing in Salem, MI Real Estate

A data-driven snapshot of the Salem, 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.

$457,700Median sold price

$214Median $/sqft

1.5%Median cap rate

$-1,945Modeled cash flow / mo

+3.1%Appreciation YoY

12.0Months of supply

89Active listings

89Sold (last 12 mo)

What the Salem numbers say

In Salem, MI, the median home sold for $457,700 (about $214 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-1,945 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 12.0 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 Salem cash-flowing listings

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