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

Waynesville, NC has a median modeled monthly cash flow of $-1,613 and a median cap rate of 2.1%, on a median sold price of $399,000. Prices changed -0.4% year over year.

What is the average cap rate in Waynesville, NC?

The median cap rate across recently sold homes in Waynesville, NC is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Waynesville, NC?

The median sold price in Waynesville, NC is $399,000 (about $249 per square foot).

Investing in Waynesville, NC Real Estate

A data-driven snapshot of the Waynesville, 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.

$399,000Median sold price

$249Median $/sqft

2.1%Median cap rate

$-1,613Modeled cash flow / mo

-0.4%Appreciation YoY

6.5Months of supply

196Active listings

363Sold (last 12 mo)

What the Waynesville numbers say

In Waynesville, NC, the median home sold for $399,000 (about $249 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,613 of monthly cash flow. Sold prices moved -0.4% over the past year. Inventory sits at about 6.5 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 Waynesville cash-flowing listings

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