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

Wallace, NC has a median modeled monthly cash flow of $-1,428 and a median cap rate of 1.7%, on a median sold price of $222,500. Prices changed +1.2% year over year.

What is the average cap rate in Wallace, NC?

The median cap rate across recently sold homes in Wallace, NC is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Wallace, NC?

The median sold price in Wallace, NC is $222,500 (about $168 per square foot).

Investing in Wallace, NC Real Estate

A data-driven snapshot of the Wallace, 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.

$222,500Median sold price

$168Median $/sqft

1.7%Median cap rate

$-1,428Modeled cash flow / mo

+1.2%Appreciation YoY

6.0Months of supply

79Active listings

158Sold (last 12 mo)

What the Wallace numbers say

In Wallace, NC, the median home sold for $222,500 (about $168 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-1,428 of monthly cash flow. Sold prices moved +1.2% over the past year. Inventory sits at about 6.0 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 Wallace cash-flowing listings

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