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

Salem, MI has a median modeled monthly cash flow of $-1,991 and a median cap rate of 1.4%, on a median sold price of $508,000. Prices changed +8.2% year over year.

What is the average cap rate in Salem, MI?

The median cap rate across recently sold homes in Salem, MI is 1.4%, 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 $508,000 (about $218 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.

$508,000Median sold price

$218Median $/sqft

1.4%Median cap rate

$-1,991Modeled cash flow / mo

+8.2%Appreciation YoY

10.5Months of supply

78Active listings

89Sold (last 12 mo)

What the Salem numbers say

In Salem, MI, the median home sold for $508,000 (about $218 per square foot), and the typical deal models out to a 1.4% cap rate with a median $-1,991 of monthly cash flow. Sold prices moved +8.2% over the past year. Inventory sits at about 10.5 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.