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

Salinas, CA has a median modeled monthly cash flow of $-2,170 and a median cap rate of 2.7%, on a median sold price of $699,000. Prices changed +4.1% year over year.

What is the average cap rate in Salinas, CA?

The median cap rate across recently sold homes in Salinas, CA is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salinas, CA?

The median sold price in Salinas, CA is $699,000 (about $480 per square foot).

Investing in Salinas, CA Real Estate

A data-driven snapshot of the Salinas, 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.

$699,000Median sold price

$480Median $/sqft

2.7%Median cap rate

$-2,170Modeled cash flow / mo

+4.1%Appreciation YoY

4.2Months of supply

188Active listings

538Sold (last 12 mo)

What the Salinas numbers say

In Salinas, CA, the median home sold for $699,000 (about $480 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-2,170 of monthly cash flow. Sold prices moved +4.1% over the past year. Inventory sits at about 4.2 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 Salinas cash-flowing listings

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