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

Spencer, NC has a median modeled monthly cash flow of $-245 and a median cap rate of 5.1%, on a median sold price of $230,000. Prices changed +10.1% year over year.

What is the average cap rate in Spencer, NC?

The median cap rate across recently sold homes in Spencer, NC is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spencer, NC?

The median sold price in Spencer, NC is $230,000 (about $163 per square foot).

Investing in Spencer, NC Real Estate

A data-driven snapshot of the Spencer, 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.

$230,000Median sold price

$163Median $/sqft

5.1%Median cap rate

$-245Modeled cash flow / mo

+10.1%Appreciation YoY

7.0Months of supply

40Active listings

69Sold (last 12 mo)

What the Spencer numbers say

In Spencer, NC, the median home sold for $230,000 (about $163 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-245 of monthly cash flow. Sold prices moved +10.1% over the past year. Inventory sits at about 7.0 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 Spencer cash-flowing listings

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