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

Elm City, NC has a median modeled monthly cash flow of $-1,177 and a median cap rate of 2.1%, on a median sold price of $233,500. Prices changed -8.1% year over year.

What is the average cap rate in Elm City, NC?

The median cap rate across recently sold homes in Elm City, NC is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elm City, NC?

The median sold price in Elm City, NC is $233,500 (about $154 per square foot).

Investing in Elm City, NC Real Estate

A data-driven snapshot of the Elm City, 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.

$233,500Median sold price

$154Median $/sqft

2.1%Median cap rate

$-1,177Modeled cash flow / mo

-8.1%Appreciation YoY

6.7Months of supply

45Active listings

81Sold (last 12 mo)

What the Elm City numbers say

In Elm City, NC, the median home sold for $233,500 (about $154 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,177 of monthly cash flow. Sold prices moved -8.1% over the past year. Inventory sits at about 6.7 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 Elm City cash-flowing listings

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