Is Salem, AL a good place to invest in rental property?

Salem, AL has a median modeled monthly cash flow of $-1,351 and a median cap rate of 2.3%, on a median sold price of $380,000. Prices changed +9.4% year over year.

What is the average cap rate in Salem, AL?

The median cap rate across recently sold homes in Salem, AL is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, AL?

The median sold price in Salem, AL is $380,000 (about $187 per square foot).

Investing in Salem, AL Real Estate

A data-driven snapshot of the Salem, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$380,000Median sold price

$187Median $/sqft

2.3%Median cap rate

$-1,351Modeled cash flow / mo

+9.4%Appreciation YoY

7.3Months of supply

108Active listings

178Sold (last 12 mo)

What the Salem numbers say

In Salem, AL, the median home sold for $380,000 (about $187 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,351 of monthly cash flow. Sold prices moved +9.4% over the past year. Inventory sits at about 7.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Salem cash-flowing listings

CashFlowRE ranks every for-sale home in Salem, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Salem deals, or browse the national market data.