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

Springfield, WV has a median modeled monthly cash flow of $-1,131 and a median cap rate of 2.0%, on a median sold price of $185,000. Prices changed -17.8% year over year.

What is the average cap rate in Springfield, WV?

The median cap rate across recently sold homes in Springfield, WV is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, WV?

The median sold price in Springfield, WV is $185,000 (about $187 per square foot).

Investing in Springfield, WV Real Estate

A data-driven snapshot of the Springfield, 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.

$185,000Median sold price

$187Median $/sqft

2.0%Median cap rate

$-1,131Modeled cash flow / mo

-17.8%Appreciation YoY

4.6Months of supply

16Active listings

42Sold (last 12 mo)

What the Springfield numbers say

In Springfield, WV, the median home sold for $185,000 (about $187 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,131 of monthly cash flow. Sold prices moved -17.8% over the past year. Inventory sits at about 4.6 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 Springfield cash-flowing listings

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