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

Sparta, TN has a median modeled monthly cash flow of $-1,217 and a median cap rate of 2.3%, on a median sold price of $274,998. Prices changed +3.2% year over year.

What is the average cap rate in Sparta, TN?

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

What is the median home price in Sparta, TN?

The median sold price in Sparta, TN is $274,998 (about $196 per square foot).

Investing in Sparta, TN Real Estate

A data-driven snapshot of the Sparta, 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.

$274,998Median sold price

$196Median $/sqft

2.3%Median cap rate

$-1,217Modeled cash flow / mo

+3.2%Appreciation YoY

6.4Months of supply

267Active listings

497Sold (last 12 mo)

What the Sparta numbers say

In Sparta, TN, the median home sold for $274,998 (about $196 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-1,217 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 6.4 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 Sparta cash-flowing listings

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