Is Charleston, TN a good place to invest in rental property?

Charleston, TN has a median modeled monthly cash flow of $-1,012 and a median cap rate of 2.3%, on a median sold price of $252,500. Prices changed +2.0% year over year.

What is the average cap rate in Charleston, TN?

The median cap rate across recently sold homes in Charleston, TN is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Charleston, TN?

The median sold price in Charleston, TN is $252,500 (about $209 per square foot).

Investing in Charleston, TN Real Estate

A data-driven snapshot of the Charleston, TN 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.

$252,500Median sold price

$209Median $/sqft

2.3%Median cap rate

$-1,012Modeled cash flow / mo

+2.0%Appreciation YoY

7.0Months of supply

38Active listings

65Sold (last 12 mo)

What the Charleston numbers say

In Charleston, TN, the median home sold for $252,500 (about $209 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,012 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Charleston cash-flowing listings

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