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

Elon, NC has a median modeled monthly cash flow of $-1,240 and a median cap rate of 2.9%, on a median sold price of $404,400. Prices changed -3.8% year over year.

What is the average cap rate in Elon, NC?

The median cap rate across recently sold homes in Elon, NC is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elon, NC?

The median sold price in Elon, NC is $404,400 (about $178 per square foot).

Investing in Elon, NC Real Estate

A data-driven snapshot of the Elon, 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.

$404,400Median sold price

$178Median $/sqft

2.9%Median cap rate

$-1,240Modeled cash flow / mo

-3.8%Appreciation YoY

13.4Months of supply

107Active listings

96Sold (last 12 mo)

What the Elon numbers say

In Elon, NC, the median home sold for $404,400 (about $178 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,240 of monthly cash flow. Sold prices moved -3.8% over the past year. Inventory sits at about 13.4 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 Elon cash-flowing listings

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