Rental Investing in Mikkeli, Etelä-Savo
2026 Market Data & Investment Analysis
Gross Yield
6.1%
Annual rent / price
Median Home Price
€105,000
As of 2026-Q1
Median Monthly Rent
€530
Per month
Population
53,000
-2.1% / yr (5y avg)
Calculate Your Return in Mikkeli
Pre-filled with Mikkeli's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
6.06%
Net Rental Yield
2.47%
Cap Rate
2.47%
Monthly Cash Flow
€216.00
Annual Cash Flow
€2,592.00
Market Overview
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
Mikkeli provides solid rental yields of 6.1%, in line with healthy investment market benchmarks.
Declining population of 2.1% per year may pose risks to long-term rental demand. Investors should focus on established neighborhoods with stable tenant bases.
The vacancy rate of 5.8% is healthy, indicating strong rental demand and limited downtime between tenants.
Investment Profile
Mikkeli is a cash flow-focused market where high rental yields can generate strong monthly income. Lower population growth means price appreciation may be limited, making this primarily an income play.
✓ Strengths
- •High gross yield of 6.1% supports strong monthly cash flow
- •Lower entry prices relative to rents reduce upfront capital needed
- •Income-driven returns are less dependent on market timing
! Risks
- •Limited price appreciation potential reduces total return
- •Declining population may increase vacancy risk over time
Key Metrics
How Mikkeli Compares
Mikkeli vs Lahti: 0.8 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Lahti, Päijät-Häme | €140,000 | €620 | 5.3% | -0.8% |
| Jyväskylä, Keski-Suomi | €160,000 | €680 | 5.1% | +3.2% |
| Kuopio, Pohjois-Savo | €150,000 | €640 | 5.1% | +2.1% |
| Lappeenranta, Etelä-Karjala | €120,000 | €570 | 5.7% | -0.5% |
| Kouvola, Kymenlaakso | €95,000 | €520 | 6.6% | -3.2% |
Frequently Asked Questions
Is rental investing profitable in Mikkeli?▾
What is the average rental yield in Mikkeli?▾
How does Mikkeli compare to Lahti for investors?▾
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Data source: Tilastokeskus / ARA. Last updated: 2026-Q1. This information is for educational purposes only and does not constitute investment advice.