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

Spruce Pine, NC has a median modeled monthly cash flow of $-1,441 and a median cap rate of 1.6%, on a median sold price of $285,000. Prices changed -9.7% year over year.

What is the average cap rate in Spruce Pine, NC?

The median cap rate across recently sold homes in Spruce Pine, NC is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spruce Pine, NC?

The median sold price in Spruce Pine, NC is $285,000 (about $195 per square foot).

Investing in Spruce Pine, NC Real Estate

A data-driven snapshot of the Spruce Pine, 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.

$285,000Median sold price

$195Median $/sqft

1.6%Median cap rate

$-1,441Modeled cash flow / mo

-9.7%Appreciation YoY

17.6Months of supply

122Active listings

83Sold (last 12 mo)

What the Spruce Pine numbers say

In Spruce Pine, NC, the median home sold for $285,000 (about $195 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-1,441 of monthly cash flow. Sold prices moved -9.7% over the past year. Inventory sits at about 17.6 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 Spruce Pine cash-flowing listings

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