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

Salem, VA has a median modeled monthly cash flow of $-953 and a median cap rate of 3.2%, on a median sold price of $344,000. Prices changed +3.2% year over year.

What is the average cap rate in Salem, VA?

The median cap rate across recently sold homes in Salem, VA is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, VA?

The median sold price in Salem, VA is $344,000 (about $163 per square foot).

Investing in Salem, VA Real Estate

A data-driven snapshot of the Salem, 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.

$344,000Median sold price

$163Median $/sqft

3.2%Median cap rate

$-953Modeled cash flow / mo

+3.2%Appreciation YoY

8.3Months of supply

336Active listings

483Sold (last 12 mo)

What the Salem numbers say

In Salem, VA, the median home sold for $344,000 (about $163 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-953 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 8.3 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 Salem cash-flowing listings

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