Detroit-Warren-Dearborn, MI
N/A transactions last 30d
11.66%
gross yield
$1,600
Median rent
$167,995
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
Michigan Average Rent & Rental Yield
Screen Michigan rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
10.76%
Gross Rental Yield
$1,650
Median Rent
$197,962
Avg Home Value
N/A
Transactions (30d)
Average rent in Michigan
The median asking rent in Michigan is $1,650 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $197,962, that rent level prices Michigan at a 10.76% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual Michigan markets.
Rental yield snapshot for Michigan
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
N/A
Median Sale Price
N/A
Active Listings
N/A
Avg Days on Market
N/A
Months of Supply
N/A
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest Michigan markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
Michigan metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Grand Rapids-Wyoming-Kentwood, MI
N/A transactions last 30d
8.59%
gross yield
$2,195
Median rent
$296,796
Avg home value
N/A
30d transactions
Flint, MI
N/A transactions last 30d
19.23%
gross yield
$1,050
Median rent
$90,676
Avg home value
N/A
30d transactions
Lansing-East Lansing, MI
N/A transactions last 30d
12.42%
gross yield
$1,500
Median rent
$161,983
Avg home value
N/A
30d transactions
Ann Arbor, MI
N/A transactions last 30d
8.34%
gross yield
$2,750
Median rent
$418,836
Avg home value
N/A
30d transactions
Saginaw, MI
N/A transactions last 30d
17.61%
gross yield
$1,193
Median rent
$90,164
Avg home value
N/A
30d transactions
Battle Creek, MI
N/A transactions last 30d
12.33%
gross yield
$1,400
Median rent
$121,822
Avg home value
N/A
30d transactions
Bay City, MI
N/A transactions last 30d
13.44%
gross yield
$1,300
Median rent
$104,959
Avg home value
N/A
30d transactions
Owosso, MI
N/A transactions last 30d
13.81%
gross yield
$1,400
Median rent
$148,510
Avg home value
N/A
30d transactions
Hillsdale, MI
N/A transactions last 30d
12.23%
gross yield
$1,725
Median rent
$128,495
Avg home value
N/A
30d transactions
Sault Ste. Marie, MI
N/A transactions last 30d
14.23%
gross yield
$1,550
Median rent
$113,925
Avg home value
N/A
30d transactions
Jackson, MI
N/A transactions last 30d
12.57%
gross yield
$1,350
Median rent
$129,964
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
Detroit-Warren-Dearborn, MI
MI
11.66%
$1,600
$167,995
N/A
Grand Rapids-Wyoming-Kentwood, MI
MI
8.59%
$2,195
$296,796
N/A
Flint, MI
MI
19.23%
$1,050
$90,676
N/A
Lansing-East Lansing, MI
MI
12.42%
$1,500
$161,983
N/A
Ann Arbor, MI
MI
8.34%
$2,750
$418,836
N/A
Saginaw, MI
MI
17.61%
$1,193
$90,164
N/A
Battle Creek, MI
MI
12.33%
$1,400
$121,822
N/A
Bay City, MI
MI
13.44%
$1,300
$104,959
N/A
Owosso, MI
MI
13.81%
$1,400
$148,510
N/A
Hillsdale, MI
MI
12.23%
$1,725
$128,495
N/A
Sault Ste. Marie, MI
MI
14.23%
$1,550
$113,925
N/A
Jackson, MI
MI
12.57%
$1,350
$129,964
N/A
All Michigan rental markets
Average rent and rental yield reports for every covered Michigan metro (27 markets).
- Ann Arbor, MI8.34% yield
- Battle Creek, MI12.33% yield
- Bay City, MI13.44% yield
- Big Rapids, MI9.67% yield
- Cadillac, MI9.58% yield
- Coldwater, MI11.32% yield
- Detroit-Warren-Dearborn, MI11.66% yield
- Flint, MI19.23% yield
- Grand Rapids-Wyoming-Kentwood, MI8.59% yield
- Hillsdale, MI12.23% yield
- Holland, MI7.06% yield
- Houghton, MI11.64% yield
- Jackson, MI12.57% yield
- Kalamazoo-Portage, MI10.68% yield
- Lansing-East Lansing, MI12.42% yield
- Marquette, MI8.87% yield
- Midland, MI9.81% yield
- Monroe, MI10.58% yield
- Mount Pleasant, MI8.85% yield
- Muskegon-Norton Shores, MI11.09% yield
- Niles, MI9.44% yield
- Owosso, MI13.81% yield
- Petoskey, MI7.49% yield
- Saginaw, MI17.61% yield
- Sault Ste. Marie, MI14.23% yield
- Sturgis, MI9.28% yield
- Traverse City, MI7.25% yield
Turn Michigan rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.