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

Salem, SC has a median modeled monthly cash flow of $-6,834 and a median cap rate of 0.0%, on a median sold price of $475,000. Prices changed +50.3% year over year.

What is the average cap rate in Salem, SC?

The median cap rate across recently sold homes in Salem, SC is 0.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, SC?

The median sold price in Salem, SC is $475,000 (about $451 per square foot).

Investing in Salem, SC Real Estate

A data-driven snapshot of the Salem, 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.

$475,000Median sold price

$451Median $/sqft

0.0%Median cap rate

$-6,834Modeled cash flow / mo

+50.3%Appreciation YoY

4.9Months of supply

48Active listings

118Sold (last 12 mo)

What the Salem numbers say

In Salem, SC, the median home sold for $475,000 (about $451 per square foot), and the typical deal models out to a 0.0% cap rate with a median $-6,834 of monthly cash flow. Sold prices moved +50.3% over the past year. Inventory sits at about 4.9 months of supply. 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 Salem cash-flowing listings

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