Is Advance, NC a good place to invest in rental property?

Advance, NC has a median modeled monthly cash flow of $-1,635 and a median cap rate of 2.3%, on a median sold price of $436,500. Prices changed -4.8% year over year.

What is the average cap rate in Advance, NC?

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

What is the median home price in Advance, NC?

The median sold price in Advance, NC is $436,500 (about $177 per square foot).

Investing in Advance, NC Real Estate

A data-driven snapshot of the Advance, NC 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.

$436,500Median sold price

$177Median $/sqft

2.3%Median cap rate

$-1,635Modeled cash flow / mo

-4.8%Appreciation YoY

5.0Months of supply

49Active listings

118Sold (last 12 mo)

What the Advance numbers say

In Advance, NC, the median home sold for $436,500 (about $177 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,635 of monthly cash flow. Sold prices moved -4.8% over the past year. Inventory sits at about 5.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Advance cash-flowing listings

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