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

Harrisonburg, VA has a median modeled monthly cash flow of $-664 and a median cap rate of 3.8%, on a median sold price of $310,000. Prices changed +3.1% year over year.

What is the average cap rate in Harrisonburg, VA?

The median cap rate across recently sold homes in Harrisonburg, VA is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Harrisonburg, VA?

The median sold price in Harrisonburg, VA is $310,000 (about $199 per square foot).

Investing in Harrisonburg, VA Real Estate

A data-driven snapshot of the Harrisonburg, 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.

$310,000Median sold price

$199Median $/sqft

3.8%Median cap rate

$-664Modeled cash flow / mo

+3.1%Appreciation YoY

6.9Months of supply

200Active listings

348Sold (last 12 mo)

What the Harrisonburg numbers say

In Harrisonburg, VA, the median home sold for $310,000 (about $199 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-664 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 6.9 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 Harrisonburg cash-flowing listings

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