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

Novato, CA has a median modeled monthly cash flow of $-3,271 and a median cap rate of 2.4%, on a median sold price of $1,025,500. Prices changed -2.8% year over year.

What is the average cap rate in Novato, CA?

The median cap rate across recently sold homes in Novato, CA is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Novato, CA?

The median sold price in Novato, CA is $1,025,500 (about $562 per square foot).

Investing in Novato, CA Real Estate

A data-driven snapshot of the Novato, 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.

$1,025,500Median sold price

$562Median $/sqft

2.4%Median cap rate

$-3,271Modeled cash flow / mo

-2.8%Appreciation YoY

5.8Months of supply

238Active listings

496Sold (last 12 mo)

What the Novato numbers say

In Novato, CA, the median home sold for $1,025,500 (about $562 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-3,271 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 5.8 months of supply. 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 Novato cash-flowing listings

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