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

Spruce Pine, NC has a median modeled monthly cash flow of $-1,033 and a median cap rate of 2.8%, on a median sold price of $297,500. Prices changed +1.0% 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 2.8%, 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 $297,500 (about $204 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.

$297,500Median sold price

$204Median $/sqft

2.8%Median cap rate

$-1,033Modeled cash flow / mo

+1.0%Appreciation YoY

18.3Months of supply

131Active listings

86Sold (last 12 mo)

What the Spruce Pine numbers say

In Spruce Pine, NC, the median home sold for $297,500 (about $204 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,033 of monthly cash flow. Sold prices moved +1.0% over the past year. Inventory sits at about 18.3 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.