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

Elkin, NC has a median modeled monthly cash flow of $-877 and a median cap rate of 2.4%, on a median sold price of $248,750. Prices changed -1.5% year over year.

What is the average cap rate in Elkin, NC?

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

What is the median home price in Elkin, NC?

The median sold price in Elkin, NC is $248,750 (about $164 per square foot).

Investing in Elkin, NC Real Estate

A data-driven snapshot of the Elkin, 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.

$248,750Median sold price

$164Median $/sqft

2.4%Median cap rate

$-877Modeled cash flow / mo

-1.5%Appreciation YoY

8.9Months of supply

76Active listings

102Sold (last 12 mo)

What the Elkin numbers say

In Elkin, NC, the median home sold for $248,750 (about $164 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-877 of monthly cash flow. Sold prices moved -1.5% over the past year. Inventory sits at about 8.9 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 Elkin cash-flowing listings

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