Is Hemet, CA a good place to invest in rental property?

Hemet, CA has a median modeled monthly cash flow of $-376 and a median cap rate of 4.9%, on a median sold price of $389,900. Prices changed -5.5% year over year.

What is the average cap rate in Hemet, CA?

The median cap rate across recently sold homes in Hemet, CA is 4.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hemet, CA?

The median sold price in Hemet, CA is $389,900 (about $225 per square foot).

Investing in Hemet, CA Real Estate

A data-driven snapshot of the Hemet, CA 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.

$389,900Median sold price

$225Median $/sqft

4.9%Median cap rate

$-376Modeled cash flow / mo

-5.5%Appreciation YoY

7.6Months of supply

787Active listings

1,237Sold (last 12 mo)

What the Hemet numbers say

In Hemet, CA, the median home sold for $389,900 (about $225 per square foot), and the typical deal models out to a 4.9% cap rate with a median $-376 of monthly cash flow. Sold prices moved -5.5% over the past year. Inventory sits at about 7.6 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 California markets to compare

See Hemet cash-flowing listings

CashFlowRE ranks every for-sale home in Hemet, CA 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 Hemet deals, or browse the national market data.