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

Vernon, MI has a median modeled monthly cash flow of $-520 and a median cap rate of 3.6%, on a median sold price of $220,000. Prices changed -3.7% year over year.

What is the average cap rate in Vernon, MI?

The median cap rate across recently sold homes in Vernon, MI is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Vernon, MI?

The median sold price in Vernon, MI is $220,000 (about $130 per square foot).

Investing in Vernon, MI Real Estate

A data-driven snapshot of the Vernon, 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.

$220,000Median sold price

$130Median $/sqft

3.6%Median cap rate

$-520Modeled cash flow / mo

-3.7%Appreciation YoY

10.5Months of supply

54Active listings

62Sold (last 12 mo)

What the Vernon numbers say

In Vernon, MI, the median home sold for $220,000 (about $130 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-520 of monthly cash flow. Sold prices moved -3.7% 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 Vernon cash-flowing listings

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