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

Salem, WV has a median modeled monthly cash flow of $203 and a median cap rate of 9.7%, on a median sold price of $160,000. Prices changed +16.3% year over year.

What is the average cap rate in Salem, WV?

The median cap rate across recently sold homes in Salem, WV is 9.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, WV?

The median sold price in Salem, WV is $160,000 (about $118 per square foot).

Investing in Salem, WV Real Estate

#118 cash-flow market in the U.S.

A data-driven snapshot of the Salem, WV 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.

$160,000Median sold price

$118Median $/sqft

9.7%Median cap rate

$203Modeled cash flow / mo

+16.3%Appreciation YoY

6.7Months of supply

18Active listings

32Sold (last 12 mo)

What the Salem numbers say

In Salem, WV, the median home sold for $160,000 (about $118 per square foot), and the typical deal models out to a 9.7% cap rate with a median $203 of monthly cash flow. Sold prices moved +16.3% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other West Virginia markets to compare

See Salem cash-flowing listings

CashFlowRE ranks every for-sale home in Salem, WV 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.