In Segrate, a rented apartment yields between 3.9% and 4.5% gross annually depending on the area. The highest value is in Milano San Felice, with 4.48%; the lowest in Milano 2, with 3.94%. The calculation uses the official quotes from the Agenzia delle Entrate for the second semester 2025: rent and purchase price come from the same source, the same microzone, and the same semester.
The result surprises those who expect the opposite. Milano 2 is the most expensive area in Segrate to buy, and it yields the least. This is not a local anomaly: this is how the real estate market works almost everywhere, and it is the first thing to know if you are thinking of renting out a property instead of selling it.
Gross yield area by area
| OMI Area | Average price (€/m²) | Average rent (€/m² per month) | Gross yield |
|---|---|---|---|
| Milano San Felice | 2,850 | 10.65 | 4.48% |
| Centro – Villaggio Ambrosiano | 3,050 | 10.95 | 4.31% |
| Lavanderie – Redecesio – Marconi | 2,825 | 9.85 | 4.18% |
| Periferia – Idroscalo – Novegro | 2,100 | 7.15 | 4.09% |
| Milano 2 | 3,500 | 11.50 | 3.94% |
Source: Agenzia delle Entrate – OMI, second semester 2025, civil housing in normal condition. Values refer to gross surface; yield is a ratio, so the unit of measure cancels out and the percentage remains valid.
We compared civil housing in normal condition because it is the most common condition and the only one present in all five quoted areas: this makes the comparison fair. The rural area R1 does not appear because the Agenzia does not publish quotes for that perimeter, having too few recorded transactions.
Why the most expensive area yields less
The purchase price incorporates expectations that rent does not. Those who buy in Milano 2 also pay for greenery, context, prospects of appreciation, and prestige of the address: these are elements that raise the asset value much more than what a tenant is willing to pay monthly.
Rent, instead, is anchored to a more prosaic constraint: what those looking for rental housing in that area can afford. It is a ceiling that moves with local incomes, not with real estate quotes. When prices rise faster than incomes—as has happened in the Milano hinterland in recent years—the gross yield compresses, and compresses more where prices have risen more.
From this comes a practical consequence: those who buy to rent out and those who buy to live there should not look at the same areas. These are two goals that favor different microzones within the same municipality.
From gross to net: what the 4.5% yield takes away
Gross yield is the number seen everywhere and is the least useful because no owner collects gross. The items that reduce it are five and should be estimated before deciding, not after.
- IMU. On rented property that is not the main residence, the tax is due at the rate decided by the Comune di Segrate. It is usually the single heaviest item.
- Non-chargeable HOA fees. Ordinary management fees are charged to the tenant; extraordinary fees and the administration share remain with the owner. In a condominium with authorized works, the difference is substantial.
- Maintenance. Boiler, fixtures, appliances if the property is furnished: a prudent estimate sets aside a fixed share every year, even in years when nothing breaks.
- Vacancy. Weeks or months pass between tenants. One vacant month per year costs about 8% of the annual rent—alone it can be worth more than half a yield point.
- Taxes on rent. The regime chosen to tax rental income significantly changes the result, and the choice is important: we talk about it in the article dedicated to cedolare secca.
Adding these items, a gross yield of 4.5% typically translates into a significantly lower net yield. The range is wide because it depends on variables that change from property to property: two identical apartments in different condominiums can yield very differently with the same collected rent.
Yield is not everything: there is also the range
The area average hides variability that counts more than the average itself. Calculating yield on the OMI margin extremes—minimum rent on maximum price in the worst case, maximum rent on minimum price in the best case—in Milano San Felice it ranges from 3.27% to 6.15%.
Almost three points difference within the same microzone. This means choosing the property weighs more than choosing the area: buying badly in Milano San Felice yields less than buying well in Novegro. This is why a percentage read in an article is not enough to decide a purchase.
What the market asks today compared to quotes
We compared OMI rents with those actually requested in active listings in July 2026.
| Area | Rent listings | OMI rent (€/m²) | Median asking price |
|---|---|---|---|
| Centro – Villaggio Ambrosiano | 31 | 8.9 – 16.7 | 16 |
| Milano San Felice | 20 | 9.0 – 15.5 | 14 |
| Milano 2 | 18 | 9.4 – 17.0 | 18 |
| Lavanderie – Redecesio | 13 | 8.2 – 14.8 | 15 |
OMI rents: range including normal and excellent conditions. Requested rents: immobiliare.it, recorded July 22, 2026. Excluding area D1, where only two listings available do not allow a reliable median.
Requests are in the upper part of the official range, which is normal: listings are starting prices, OMI reflects registered contracts. However, it is useful as a benchmark to understand if the rent you have in mind is within the market or outside.
In summary
In Segrate, gross yield from renting ranges from 3.94% in Milano 2 to 4.48% in Milano San Felice, and the most expensive area yields less. Within the same microzone, the range exceeds two and a half points, so the choice of individual property counts more than the area. Net yield is another story and must be calculated case by case.
If you have a vacant property in Milano San Felice or Segrate and are considering whether to rent it out or sell it, we can calculate the numbers for your case: realistically obtainable rent, actual expenses, placement times. Let’s discuss it without obligation.
Frequently Asked Questions
How much does a rented house in Segrate yield?
Between 3.9% and 4.5% gross annually depending on the area, calculated on official OMI quotes for the second semester 2025. Milano San Felice is the most profitable area with 4.48%, Milano 2 the least profitable with 3.94%. Net yield is significantly lower because IMU, non-chargeable HOA fees, maintenance, vacancy periods, and taxes on rent must be deducted.
What is the average net income of an owner who rents out?
There is no valid number for everyone, and beware of anyone who gives you one: it depends on the IMU rate of the municipality, the condition of the condominium, the chosen tax regime, and the individual overall income position. The difference between two owners with the same property and the same rent can be over one percentage point.
Is buying a house to rent it out in Segrate a good investment?
It depends on what you compare. Rental yield should be considered together with the expected appreciation of the property, liquidity (a property does not sell in three days), and management commitment, which is not zero. A gross yield of 4.5% is average for the Milan hinterland; areas that yield more in percentage often appreciate less.
Is it more convenient to rent or sell?
This is the right question and the answer is personal. Renting produces a cash flow and preserves the asset, but involves management, risk of default, and recurring taxation. Selling frees capital immediately and closes all burdens. If your property has been vacant for a long time, the comparison must be made with your actual numbers, not with an average percentage.
Why do more prestigious areas yield less?
Because the purchase price incorporates prestige and appreciation prospects, while rent is limited by what those looking for rental housing in that area can pay. When prices grow more than incomes, yield compresses—and compresses more where prices have increased more.
How often are these data updated?
OMI quotes are released twice a year; the second semester 2025 was published on March 16, 2026. We update this article with every new release.
