Rental numbers for Michigan
25 of 234 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 6.3%
- 234 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $266,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,498/mo
- median across 234 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Wayne County | $179,000 | $1,431 | 9.6% | 5.0% | -$214 | +4.0% |
| Chippewa County | $197,000 | $1,350 | 8.2% | 4.2% | -$365 | n/a |
| Houghton County | $200,000 | $1,293 | 7.8% | 3.9% | -$421 | n/a |
| Saginaw County | $177,000 | $1,076 | 7.3% | 3.1% | -$490 | +8.7% |
| Montcalm County | $238,000 | $1,426 | 7.2% | 3.7% | -$543 | n/a |
| Calhoun County | $191,000 | $1,142 | 7.2% | 3.1% | -$532 | +5.3% |
| Bay County | $188,000 | $1,104 | 7.0% | 2.9% | -$552 | +1.6% |
| Hillsdale County | $214,000 | $1,250 | 7.0% | 3.5% | -$529 | n/a |
| Branch County | $209,000 | $1,185 | 6.8% | 3.2% | -$574 | n/a |
| Midland County | $245,000 | $1,378 | 6.8% | 2.9% | -$732 | +6.3% |
| Newaygo County | $256,000 | $1,429 | 6.7% | 3.2% | -$693 | n/a |
| Ingham County | $227,000 | $1,258 | 6.6% | 2.4% | -$774 | +6.3% |
| Barry County | $303,000 | $1,665 | 6.6% | 3.3% | -$805 | n/a |
| Genesee County | $197,000 | $1,063 | 6.5% | 2.6% | -$630 | +4.8% |
| Van Buren County | $276,000 | $1,466 | 6.4% | 2.9% | -$830 | n/a |
| Macomb County | $270,000 | $1,416 | 6.3% | 2.6% | -$870 | +3.1% |
| Jackson County | $226,000 | $1,172 | 6.2% | 2.6% | -$729 | +7.8% |
| Eaton County | $262,000 | $1,331 | 6.1% | 2.4% | -$889 | +4.1% |
| Mecosta County | $235,000 | $1,174 | 6.0% | 2.7% | -$743 | +10.3% |
| Muskegon County | $258,000 | $1,282 | 6.0% | 2.5% | -$849 | +7.3% |
| Cass County | $274,000 | $1,345 | 5.9% | 2.7% | -$864 | n/a |
| Clinton County | $318,000 | $1,546 | 5.8% | 2.5% | -$1,063 | +0.9% |
| Monroe County | $273,000 | $1,331 | 5.8% | 2.5% | -$913 | +5.5% |
| Berrien County | $284,000 | $1,370 | 5.8% | 2.5% | -$939 | +4.1% |
| Ionia County | $266,000 | $1,273 | 5.7% | 2.4% | -$906 | n/a |
| Livingston County | $405,000 | $1,921 | 5.7% | 2.7% | -$1,276 | +5.6% |
| Oakland County | $368,000 | $1,738 | 5.7% | 2.3% | -$1,274 | +3.4% |
| Washtenaw County | $417,000 | $1,962 | 5.7% | 2.1% | -$1,518 | +1.3% |
| Kalamazoo County | $278,000 | $1,280 | 5.5% | 1.9% | -$1,058 | +5.3% |
| Lapeer County | $297,000 | $1,360 | 5.5% | 2.4% | -$998 | n/a |
| Kent County | $355,000 | $1,621 | 5.5% | 2.3% | -$1,234 | +3.6% |
| Isabella County | $230,000 | $1,048 | 5.5% | 1.9% | -$885 | +12.7% |
| Lenawee County | $246,000 | $1,114 | 5.4% | 1.9% | -$927 | n/a |
| Grand Traverse County | $419,000 | $1,859 | 5.3% | 2.5% | -$1,401 | +3.6% |
| Marquette County | $264,000 | $1,163 | 5.3% | 2.1% | -$949 | +2.5% |
| Ottawa County | $399,000 | $1,745 | 5.3% | 2.2% | -$1,406 | +3.1% |
| Allegan County | $348,000 | $1,480 | 5.1% | 2.0% | -$1,296 | +6.6% |
| St. Clair County | $263,000 | $1,072 | 4.9% | 1.6% | -$1,057 | +3.8% |
| Manistee County | $264,000 | $1,038 | 4.7% | 1.6% | -$1,073 | n/a |
| Leelanau County | $655,000 | $2,400 | 4.4% | 2.0% | -$2,459 | n/a |
| Alcona County | $198,000 | not published | n/a | n/a | n/a | n/a |
| Alger County | $217,000 | not published | n/a | n/a | n/a | n/a |
| Alpena County | $197,000 | not published | n/a | n/a | n/a | n/a |
| Antrim County | $354,000 | not published | n/a | n/a | n/a | n/a |
| Arenac County | $168,000 | not published | n/a | n/a | n/a | n/a |
| Baraga County | $179,000 | not published | n/a | n/a | n/a | n/a |
| Benzie County | $412,000 | not published | n/a | n/a | n/a | n/a |
| Charlevoix County | $415,000 | not published | n/a | n/a | n/a | n/a |
| Cheboygan County | $245,000 | not published | n/a | n/a | n/a | n/a |
| Clare County | $167,000 | not published | n/a | n/a | n/a | n/a |
| Crawford County | $180,000 | not published | n/a | n/a | n/a | n/a |
| Delta County | $208,000 | not published | n/a | n/a | n/a | n/a |
| Dickinson County | $184,000 | not published | n/a | n/a | n/a | n/a |
| Emmet County | $447,000 | not published | n/a | n/a | n/a | n/a |
| Gladwin County | $189,000 | not published | n/a | n/a | n/a | n/a |
| Gogebic County | $135,000 | not published | n/a | n/a | n/a | n/a |
| Gratiot County | $182,000 | not published | n/a | n/a | n/a | n/a |
| Huron County | $197,000 | not published | n/a | n/a | n/a | n/a |
| Iosco County | $171,000 | not published | n/a | n/a | n/a | n/a |
| Iron County | $155,000 | not published | n/a | n/a | n/a | n/a |
| Kalkaska County | $227,000 | not published | n/a | n/a | n/a | n/a |
| Keweenaw County | $229,000 | not published | n/a | n/a | n/a | n/a |
| Lake County | $165,000 | not published | n/a | n/a | n/a | n/a |
| Luce County | $131,000 | not published | n/a | n/a | n/a | n/a |
| Mackinac County | $240,000 | not published | n/a | n/a | n/a | n/a |
| Mason County | $272,000 | not published | n/a | n/a | n/a | n/a |
| Menominee County | $188,000 | not published | n/a | n/a | n/a | n/a |
| Missaukee County | $222,000 | not published | n/a | n/a | n/a | n/a |
| Montmorency County | $181,000 | not published | n/a | n/a | n/a | n/a |
| Oceana County | $254,000 | not published | n/a | n/a | n/a | n/a |
| Ogemaw County | $182,000 | not published | n/a | n/a | n/a | n/a |
| Ontonagon County | $137,000 | not published | n/a | n/a | n/a | n/a |
| Osceola County | $197,000 | not published | n/a | n/a | n/a | n/a |
| Oscoda County | $146,000 | not published | n/a | n/a | n/a | n/a |
| Otsego County | $257,000 | not published | n/a | n/a | n/a | n/a |
| Presque Isle County | $223,000 | not published | n/a | n/a | n/a | n/a |
| Roscommon County | $194,000 | not published | n/a | n/a | n/a | n/a |
| Sanilac County | $210,000 | not published | n/a | n/a | n/a | n/a |
| Schoolcraft County | $198,000 | not published | n/a | n/a | n/a | n/a |
| Shiawassee County | $214,000 | not published | n/a | n/a | n/a | n/a |
| St. Joseph County | $221,000 | not published | n/a | n/a | n/a | n/a |
| Tuscola County | $189,000 | not published | n/a | n/a | n/a | n/a |
| Wexford County | $235,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Michigan
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 48238Detroit | $56,000 | $1,141 | 24.6% | +$448 |
| 48204Detroit | $57,000 | $1,137 | 23.8% | +$430 |
| 48227Detroit | $70,000 | $1,370 | 23.3% | +$541 |
| 48228Detroit | $70,000 | $1,213 | 20.8% | +$403 |
| 48224Detroit | $82,000 | $1,338 | 19.6% | +$423 |
| 48219Detroit | $91,000 | $1,343 | 17.8% | +$366 |
| 48206Detroit | $87,000 | $1,267 | 17.4% | +$351 |
| 48503Flint | $69,000 | $973 | 16.9% | +$217 |
| 48235Detroit | $96,000 | $1,331 | 16.6% | +$319 |
| 48223Detroit | $86,000 | $1,126 | 15.7% | +$201 |
Trends
Five years to August 2026
- Price, 12 months
- +4.0%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 1.25%
- effective rate, ACS 2024
Typical value (Zillow ZHVI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $214,509 |
| Aug 2022 | $234,570 |
| Aug 2023 | $238,000 |
| Aug 2024 | $249,170 |
| Aug 2025 | $256,063 |
| Aug 2026 | $266,292 |
Costs that vary by state
- Effective property tax
- 1.25%
- Census ACS 2024
- Landlord insurance default
- $1,332/yr
- NAIC HO-3 $1,110 x 1.2
- Permits per 1,000 households
- 5.5
- last 12 months
- Median typical price
- $267,000
- tier A ZIPs
Metros
- Adrian, MI
- Alma, MI
- Alpena, MI
- Ann Arbor, MI
- Battle Creek, MI
- Bay City, MI
- Big Rapids, MI
- Cadillac, MI
- Coldwater, MI
- Detroit, MI
- Escanaba, MI
- Flint, MI
- Grand Rapids, MI
- Hillsdale, MI
- Holland, MI
- Houghton, MI
- Iron Mountain, MI
- Jackson, MI
- Kalamazoo, MI
- Lansing, MI
- Ludington, MI
- Marquette, MI
- Midland, MI
- Monroe, MI
- Mount Pleasant, MI
- Muskegon, MI
- Niles, MI
- Saginaw, MI
- Sault Ste. Marie, MI
- Sturgis, MI
- Traverse City, MI
Questions
- Is Michigan good for rental property?
- 25 of 234 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 6.3%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Michigan?
- About 1.25% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Michigan?
- NAIC's 2023 average homeowners (HO-3) premium in Michigan was $1,110. Landlord policies usually cost more, so this site assumes $1,332 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.