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

Salem, NC has a median modeled monthly cash flow of $-713 and a median cap rate of 3.5%, on a median sold price of $275,000. Prices changed +7.4% year over year.

What is the average cap rate in Salem, NC?

The median cap rate across recently sold homes in Salem, NC is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, NC?

The median sold price in Salem, NC is $275,000 (about $204 per square foot).

Investing in Salem, NC Real Estate

A data-driven snapshot of the Salem, 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.

$275,000Median sold price

$204Median $/sqft

3.5%Median cap rate

$-713Modeled cash flow / mo

+7.4%Appreciation YoY

9.8Months of supply

36Active listings

44Sold (last 12 mo)

What the Salem numbers say

In Salem, NC, the median home sold for $275,000 (about $204 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-713 of monthly cash flow. Sold prices moved +7.4% over the past year. Inventory sits at about 9.8 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 Salem cash-flowing listings

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