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

Galax, VA has a median modeled monthly cash flow of $-475 and a median cap rate of 3.7%, on a median sold price of $189,950. Prices changed +12.3% year over year.

What is the average cap rate in Galax, VA?

The median cap rate across recently sold homes in Galax, VA is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Galax, VA?

The median sold price in Galax, VA is $189,950 (about $146 per square foot).

Investing in Galax, VA Real Estate

A data-driven snapshot of the Galax, 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.

$189,950Median sold price

$146Median $/sqft

3.7%Median cap rate

$-475Modeled cash flow / mo

+12.3%Appreciation YoY

5.7Months of supply

82Active listings

172Sold (last 12 mo)

What the Galax numbers say

In Galax, VA, the median home sold for $189,950 (about $146 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-475 of monthly cash flow. Sold prices moved +12.3% over the past year. Inventory sits at about 5.7 months of supply. 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 Galax cash-flowing listings

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