Real Estate Investing in Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

141 counties • 841 cities • Landlord Friendliness: 5/5

3.3/ 5

Investability

Top ZIPs average

3.0/ 5

Appreciation

6.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Landlord Friendliness: Michigan

★ ★ ★ ★ ★ 5/5
Eviction Speed Fast 7 days
Rent Control No rent control (prohibited)
Security Deposit 1.5 months max

📊 Michigan Market Overview

Median Home Value $253,279
1-Year CAGR +3.1%
5-Year CAGR +6.8%
10-Year CAGR +6.9%

Investing in Michigan Real Estate

Michigan is one of the states where screen data understates the risk. A aggregate and a 0.0% 5-year CAGR warn what the glossy brochures don't.

Rent trends across Michigan have been soft, and price trends have been mixed — a combination that compresses realized returns well below headline cap rates.

The regulatory environment in Michigan isn't unusually hostile, but in distressed conditions the ordinary costs of compliance and enforcement compound in ways that screen data doesn't capture.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Free to search · investor plans from $19/mo
Avg Home Value $253,279
Cities Tracked 841
ZIP Codes 1,068

Market Trends — Michigan

Statewide Home Value History

$266K$229K$192K$155K$117K$80KNov 2005Nov 2015Oct 2025

Statewide Rent History

$1,605$1,496$1,387$1,278$1,169$1,060Jul 2016Jul 2021Jul 2026

Top ZIP Codes in Michigan

48197 Ypsilanti $350,679 ★ ★ ★ ★ ★ 48180 Taylor $180,875 ★ ★ ★ ★ ★ 48044 Macomb $424,693 ★ ★ ★ ★ ★ 48103 Ann Arbor $535,651 ★ ★ ★ ★ ★ 48228 Detroit $67,605 ★ ★ ★ ★ ★ 48187 Canton $405,299 ★ ★ ★ ★ ★ 48126 Dearborn $241,129 ★ ★ ★ ★ ★ 48439 Grand Blanc $300,364 ★ ★ ★ ★ ★ 48823 East Lansing $331,532 ★ ★ ★ ★ ★ 49201 Jackson $254,637 ★ ★ ★ ★ ★ 49424 Holland $392,905 ★ ★ ★ ★ ★ 48185 Westland $229,491 ★ ★ ★ ★ ★

🎓 Education in Michigan

🏫 Top K-12 Schools

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🎓 Top Colleges & Universities

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📊 Explore More for Michigan

🏠 Landlord-Friendly States 💰 Lowest Property Tax States 📈 Best States for Investing 💼 Career Paths & Salaries 📚 Degree Programs 🎓 Michigan Colleges

Counties in Michigan

Wayne County (67 ZIPs) Oakland County (67 ZIPs) Macomb County (36 ZIPs) Kent County (27 ZIPs) Genesee County (21 ZIPs) Washtenaw County (15 ZIPs) Ingham County (17 ZIPs) Ottawa County (13 ZIPs) Kalamazoo County (17 ZIPs) Livingston County (10 ZIPs) Saginaw County (19 ZIPs) Berrien County (20 ZIPs) Saint Clair County (20 ZIPs) Jackson County (16 ZIPs) Muskegon County (12 ZIPs) Allegan County (13 ZIPs) Monroe County (15 ZIPs) Calhoun County (11 ZIPs) Eaton County (11 ZIPs) Grand Traverse County (8 ZIPs) Bay County (7 ZIPs) Lenawee County (15 ZIPs) Lapeer County (12 ZIPs) Midland County (5 ZIPs) Van Buren County (12 ZIPs) Shiawassee County (12 ZIPs) Ionia County (11 ZIPs) Marquette County (9 ZIPs) Montcalm County (14 ZIPs) Saint Joseph County (9 ZIPs)

111 more counties available

Major Cities in Michigan

Detroit (29 ZIPs) Grand Rapids (5 ZIPs) Ann Arbor (9 ZIPs) Lansing (7 ZIPs) Flint (11 ZIPs) Warren (5 ZIPs) Sterling Heights (4 ZIPs) Kentwood (4 ZIPs) Saginaw (10 ZIPs) Kalamazoo (5 ZIPs) Dearborn (4 ZIPs) Ypsilanti (2 ZIPs) Jackson (4 ZIPs) Clinton Township (3 ZIPs) Canton (2 ZIPs) Holland (2 ZIPs) Livonia (3 ZIPs) Macomb (2 ZIPs) Battle Creek (5 ZIPs) Troy (4 ZIPs) Shelby Township (3 ZIPs) Westland (2 ZIPs) Traverse City (4 ZIPs) Rochester Hills (2 ZIPs) Waterford (3 ZIPs) Farmington Hills (3 ZIPs) Muskegon (4 ZIPs) Midland (3 ZIPs) Howell (2 ZIPs) East Lansing (3 ZIPs) Taylor (1 ZIPs) Dearborn Heights (2 ZIPs) Pontiac (3 ZIPs) Novi (3 ZIPs) Saint Clair Shores (3 ZIPs) Royal Oak (2 ZIPs) Chesterfield (2 ZIPs) Wyoming (2 ZIPs) Southfield (3 ZIPs) Monroe (2 ZIPs)

801 more cities available

Don’t scroll every ZIP in this state by hand — filter the whole state by cap rate, vacancy and appreciation with Pro Search ($19/mo), and get a weekly alert when your shortlist moves (Investor Pro+). See plans →

Not planning to self-manage? We list 48 property management companies in Michigan — searchable by county, with focus and specialties. Browse property managers →

Popular Neighborhoods in Michigan

Abbott School Ann Arbor (9 ZIPs) Almendinger Ann Arbor (9 ZIPs) Arbor Creek Ann Arbor (9 ZIPs) Bader Ann Arbor (9 ZIPs) Barton Hills Ann Arbor (9 ZIPs) Boulder Ridge Ann Arbor (9 ZIPs) Briar Hill Ann Arbor (9 ZIPs) Broadway Ann Arbor (9 ZIPs) Brown Park Ann Arbor (9 ZIPs) Bryant Ann Arbor (9 ZIPs) Buhr Park Ann Arbor (9 ZIPs) Burns Park Ann Arbor (9 ZIPs) Centennial Farms Ann Arbor (9 ZIPs) Centennial Park Ann Arbor (9 ZIPs) Cranbrook Ann Arbor (9 ZIPs) Dicken Ann Arbor (9 ZIPs) Downtown Ann Arbor (9 ZIPs) Earhart Ann Arbor (9 ZIPs) Eberwhite Woods Ann Arbor (9 ZIPs) Forestbrook Ann Arbor (9 ZIPs) Garden Homes Ann Arbor (9 ZIPs) Geddes Arboretum Ann Arbor (9 ZIPs) Geddes Lakes Ann Arbor (9 ZIPs) Georgetown Ann Arbor (9 ZIPs) Glacier Higlands Ann Arbor (9 ZIPs)

Frequently Asked Questions About Michigan Real Estate

What is the median home value in, MI?

Typical homes in, MI go for around $253K. The 5-year CAGR of 0.0% even-keeled price movement.

How landlord-friendly is, MI?

The landlord environment in, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What is the tenant pool like in, MI?

Expect a solid tenant pool in, MI. The rental market absorbs rents without meaningful friction.

Are there empty rentals in, MI?

, MI sees elevated vacancy, which is reasonable relative to the broader MI rental market.

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