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Best places to buy a rental property in Michigan

Ranked by the engine's tracked 5-year appreciation across 265 covered markets in Michigan, snapshot 2026-10-29. Appreciation history is context, not a forecast.
MarketHome value3y5y10yActive listings
New Buffalo$1,114,36422.5%51.4%103.6%-
Marquette$304,51616.6%40.5%93.5%-
Newport$210,60519.8%36.2%84.4%-
Dearborn$234,31221.2%36.1%124.2%237
Saginaw$65,24019.9%34.5%217.3%-
Traverse City$538,84411.0%33.6%105.1%523
East Lansing$332,16624.8%33.5%91.2%2
Spring Lake$367,47310.9%32.6%106.9%-
Kalamazoo$242,84714.4%31.5%96.7%443
Detroit$67,07121.8%30.0%206.5%3,830

Full list: every tracked market in Michigan with 5-year appreciation data below.

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All figures are engine estimates from the LumosTerra tracked-data snapshot as of 2026-10-29. They are starting points, not recommendations - verify rents, comps and local rules before acting on any of them.

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