Is South Salem, NY a good place to invest in rental property?

South Salem, NY has a median modeled monthly cash flow of $-1,274 and a median cap rate of 4.3%, on a median sold price of $982,000. Prices changed +6.3% year over year.

What is the average cap rate in South Salem, NY?

The median cap rate across recently sold homes in South Salem, NY is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in South Salem, NY?

The median sold price in South Salem, NY is $982,000 (about $408 per square foot).

Investing in South Salem, NY Real Estate

A data-driven snapshot of the South Salem, NY 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.

$982,000Median sold price

$408Median $/sqft

4.3%Median cap rate

$-1,274Modeled cash flow / mo

+6.3%Appreciation YoY

12.8Months of supply

81Active listings

76Sold (last 12 mo)

What the South Salem numbers say

In South Salem, NY, the median home sold for $982,000 (about $408 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-1,274 of monthly cash flow. Sold prices moved +6.3% over the past year. Inventory sits at about 12.8 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 New York markets to compare

See South Salem cash-flowing listings

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