Is Elgin, SC a good place to invest in rental property?

Elgin, SC has a median modeled monthly cash flow of $-475 and a median cap rate of 4.2%, on a median sold price of $259,950. Prices changed -4.6% year over year.

What is the average cap rate in Elgin, SC?

The median cap rate across recently sold homes in Elgin, SC is 4.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elgin, SC?

The median sold price in Elgin, SC is $259,950 (about $186 per square foot).

Investing in Elgin, SC Real Estate

A data-driven snapshot of the Elgin, SC 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.

$259,950Median sold price

$186Median $/sqft

4.2%Median cap rate

$-475Modeled cash flow / mo

-4.6%Appreciation YoY

14.5Months of supply

106Active listings

88Sold (last 12 mo)

What the Elgin numbers say

In Elgin, SC, the median home sold for $259,950 (about $186 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-475 of monthly cash flow. Sold prices moved -4.6% over the past year. Inventory sits at about 14.5 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 South Carolina markets to compare

See Elgin cash-flowing listings

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