Is Boones Mill, VA a good place to invest in rental property?

Boones Mill, VA has a median modeled monthly cash flow of $-540 and a median cap rate of 4.0%, on a median sold price of $295,000. Prices changed +3.9% year over year.

What is the average cap rate in Boones Mill, VA?

The median cap rate across recently sold homes in Boones Mill, VA is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Boones Mill, VA?

The median sold price in Boones Mill, VA is $295,000 (about $160 per square foot).

Investing in Boones Mill, VA Real Estate

A data-driven snapshot of the Boones Mill, VA 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.

$295,000Median sold price

$160Median $/sqft

4.0%Median cap rate

$-540Modeled cash flow / mo

+3.9%Appreciation YoY

9.4Months of supply

54Active listings

69Sold (last 12 mo)

What the Boones Mill numbers say

In Boones Mill, VA, the median home sold for $295,000 (about $160 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-540 of monthly cash flow. Sold prices moved +3.9% over the past year. Inventory sits at about 9.4 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 Virginia markets to compare

See Boones Mill cash-flowing listings

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