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

Boone, NC has a median modeled monthly cash flow of $-2,378 and a median cap rate of 1.2%, on a median sold price of $452,974. Prices changed -5.4% year over year.

What is the average cap rate in Boone, NC?

The median cap rate across recently sold homes in Boone, NC is 1.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Boone, NC?

The median sold price in Boone, NC is $452,974 (about $291 per square foot).

Investing in Boone, NC Real Estate

A data-driven snapshot of the Boone, 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.

$452,974Median sold price

$291Median $/sqft

1.2%Median cap rate

$-2,378Modeled cash flow / mo

-5.4%Appreciation YoY

7.2Months of supply

287Active listings

479Sold (last 12 mo)

What the Boone numbers say

In Boone, NC, the median home sold for $452,974 (about $291 per square foot), and the typical deal models out to a 1.2% cap rate with a median $-2,378 of monthly cash flow. Sold prices moved -5.4% over the past year. Inventory sits at about 7.2 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 North Carolina markets to compare

See Boone cash-flowing listings

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