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

Shelby, NC has a median modeled monthly cash flow of $-792 and a median cap rate of 2.9%, on a median sold price of $255,000. Prices changed -3.7% year over year.

What is the average cap rate in Shelby, NC?

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

What is the median home price in Shelby, NC?

The median sold price in Shelby, NC is $255,000 (about $158 per square foot).

Investing in Shelby, NC Real Estate

A data-driven snapshot of the Shelby, 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.

$255,000Median sold price

$158Median $/sqft

2.9%Median cap rate

$-792Modeled cash flow / mo

-3.7%Appreciation YoY

10.1Months of supply

371Active listings

441Sold (last 12 mo)

What the Shelby numbers say

In Shelby, NC, the median home sold for $255,000 (about $158 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-792 of monthly cash flow. Sold prices moved -3.7% over the past year. Inventory sits at about 10.1 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 Shelby cash-flowing listings

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