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

Spencer, TN has a median modeled monthly cash flow of $-1,028 and a median cap rate of 2.5%, on a median sold price of $168,000. Prices changed -0.6% year over year.

What is the average cap rate in Spencer, TN?

The median cap rate across recently sold homes in Spencer, TN is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spencer, TN?

The median sold price in Spencer, TN is $168,000 (about $175 per square foot).

Investing in Spencer, TN Real Estate

A data-driven snapshot of the Spencer, 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.

$168,000Median sold price

$175Median $/sqft

2.5%Median cap rate

$-1,028Modeled cash flow / mo

-0.6%Appreciation YoY

5.2Months of supply

52Active listings

119Sold (last 12 mo)

What the Spencer numbers say

In Spencer, TN, the median home sold for $168,000 (about $175 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,028 of monthly cash flow. Sold prices moved -0.6% over the past year. Inventory sits at about 5.2 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 Spencer cash-flowing listings

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