North Carolina — Rental Investment Markets
All North Carolina metros ranked by cap rate. Median cap rate: 3.2%, median home price: $297,938.
Median Cap Rate
3.2%
Median Home Price
$297,938
Median Rent
$1,560/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Hollister, NC | 15.7% | +$686/mo | $88,057 | $1,560/mo | 🟢 STRONG |
| 2 | Kinston, NC | 11.8% | +$452/mo | $99,700 | $1,370/mo | 🟢 STRONG |
| 3 | Dover, NC | 9.1% | +$318/mo | $139,027 | $1,530/mo | 🟢 STRONG |
| 4 | Pollocksville, NC | 8.9% | +$258/mo | $122,312 | $1,320/mo | 🟢 STRONG |
| 5 | Bethel, NC | 7.2% | +$99/mo | $149,543 | $1,350/mo | 🟢 GOOD |
| 6 | Robbins, NC | 7.0% | +$89/mo | $170,552 | $1,510/mo | 🟢 GOOD |
| 7 | Tarboro, NC | 6.5% | +$13/mo | $150,133 | $1,250/mo | 🟢 GOOD |
| 8 | Pinetops, NC | 6.3% | -$8/mo | $153,344 | $1,250/mo | 🟢 GOOD |
| 9 | Vanceboro, NC | 5.7% | -$110/mo | $193,913 | $1,460/mo | 🟡 MODERATE |
| 10 | Pink Hill, NC | 5.6% | -$107/mo | $164,275 | $1,220/mo | 🟡 MODERATE |
| 11 | Greenville, NC | 5.6% | -$139/mo | $210,448 | $1,560/mo | 🟡 MODERATE |
| 12 | Grifton, NC | 5.4% | -$146/mo | $182,323 | $1,320/mo | 🟡 MODERATE |
| 13 | Rocky Mount, NC | 5.4% | -$169/mo | $198,509 | $1,345/mo | 🟡 MODERATE |
| 14 | Maysville, NC | 5.3% | -$215/mo | $235,128 | $1,670/mo | 🟡 MODERATE |
| 15 | Fayetteville, NC | 5.3% | -$212/mo | $243,213 | $1,650/mo | 🟡 MODERATE |
| 16 | Polkton, NC | 5.3% | -$167/mo | $181,672 | $1,290/mo | 🟡 MODERATE |
| 17 | Castalia, NC | 5.2% | -$228/mo | $223,648 | $1,560/mo | 🟡 MODERATE |
| 18 | Bennett, NC | 5.1% | -$227/mo | $217,415 | $1,510/mo | 🟡 MODERATE |
| 19 | Goldsboro, NC | 5.1% | -$207/mo | $180,987 | $1,290/mo | 🟡 MODERATE |
| 20 | Pikeville, NC | 5.0% | -$279/mo | $248,288 | $1,700/mo | 🟡 MODERATE |
| 21 | Spring Lake, NC | 5.0% | -$298/mo | $248,621 | $1,680/mo | 🟡 MODERATE |
| 22 | Dunn, NC | 5.0% | -$256/mo | $227,761 | $1,560/mo | 🟡 MODERATE |
| 23 | Richlands, NC | 5.0% | -$311/mo | $276,143 | $1,890/mo | 🟡 MODERATE |
| 24 | Morganton, NC | 5.0% | -$303/mo | $259,077 | $1,760/mo | 🟡 MODERATE |
| 25 | Kittrell, NC | 4.7% | -$330/mo | $238,855 | $1,560/mo | 🟡 MODERATE |
| 26 | Pamlico County, NC | 4.7% | -$259/mo | $181,949 | $1,180/mo | 🟡 MODERATE |
| 27 | Jacksonville, NC | 4.5% | -$418/mo | $267,668 | $1,690/mo | 🟡 MODERATE |
| 28 | High Point, NC | 4.4% | -$456/mo | $259,340 | $1,575/mo | 🟡 MODERATE |
| 29 | Gastonia, NC | 4.4% | -$455/mo | $273,106 | $1,520/mo | 🟡 MODERATE |
| 30 | Canton, NC | 4.4% | -$487/mo | $286,457 | $1,760/mo | 🟡 MODERATE |
| 31 | Greensboro, NC | 4.4% | -$371/mo | $241,236 | $1,530/mo | 🟡 MODERATE |
| 32 | Spring Hope, NC | 4.3% | -$442/mo | $255,434 | $1,560/mo | 🟡 MODERATE |
| 33 | Peachland, NC | 4.3% | -$410/mo | $231,160 | $1,400/mo | 🟡 MODERATE |
| 34 | Staley, NC | 4.2% | -$465/mo | $252,661 | $1,510/mo | 🟡 MODERATE |
| 35 | Parkton, NC | 4.2% | -$489/mo | $262,410 | $1,560/mo | 🟡 MODERATE |
| 36 | Maple Hill, NC | 4.1% | -$521/mo | $275,704 | $1,630/mo | 🟡 MODERATE |
| 37 | Siler City, NC | 4.1% | -$494/mo | $256,968 | $1,510/mo | 🟡 MODERATE |
| 38 | New Bern, NC | 4.1% | -$504/mo | $269,440 | $1,600/mo | 🟡 MODERATE |
| 39 | Kenly, NC | 4.0% | -$526/mo | $267,908 | $1,560/mo | 🟡 MODERATE |
| 40 | Hiddenite, NC | 4.0% | -$472/mo | $231,820 | $1,330/mo | 🟡 MODERATE |
| 41 | Reidsville, NC | 4.0% | -$411/mo | $210,603 | $1,230/mo | 🟡 MODERATE |
| 42 | Oxford, NC | 3.9% | -$518/mo | $254,503 | $1,460/mo | 🔴 WEAK |
| 43 | Middlesex, NC | 3.8% | -$587/mo | $276,890 | $1,560/mo | 🔴 WEAK |
| 44 | Princeton, NC | 3.8% | -$605/mo | $279,605 | $1,560/mo | 🔴 WEAK |
| 45 | Hot Springs, NC | 3.7% | -$712/mo | $319,864 | $1,760/mo | 🔴 WEAK |
| 46 | Winston-Salem, NC | 3.7% | -$585/mo | $260,293 | $1,430/mo | 🔴 WEAK |
| 47 | Liberty, NC | 3.6% | -$634/mo | $277,811 | $1,510/mo | 🔴 WEAK |
| 48 | Kannapolis, NC | 3.6% | -$661/mo | $283,725 | $1,525/mo | 🔴 WEAK |
| 49 | Hobbsville, NC | 3.6% | -$544/mo | $232,898 | $1,250/mo | 🔴 WEAK |
| 50 | Asheboro, NC | 3.6% | -$573/mo | $236,518 | $1,245/mo | 🔴 WEAK |
| 51 | Hurdle Mills, NC | 3.6% | -$787/mo | $345,562 | $1,880/mo | 🔴 WEAK |
| 52 | Creedmoor, NC | 3.6% | -$783/mo | $341,322 | $1,850/mo | 🔴 WEAK |
| 53 | Hickory, NC | 3.5% | -$584/mo | $244,869 | $1,300/mo | 🔴 WEAK |
| 54 | Mount Airy, NC | 3.5% | -$553/mo | $233,045 | $1,240/mo | 🔴 WEAK |
| 55 | Roxboro, NC | 3.5% | -$573/mo | $240,814 | $1,280/mo | 🔴 WEAK |
| 56 | Sanford, NC | 3.5% | -$718/mo | $293,911 | $1,540/mo | 🔴 WEAK |
| 57 | Clayton, NC | 3.5% | -$877/mo | $368,653 | $1,960/mo | 🔴 WEAK |
| 58 | Madison, NC | 3.4% | -$555/mo | $223,537 | $1,160/mo | 🔴 WEAK |
| 59 | Rockwell, NC | 3.4% | -$737/mo | $296,809 | $1,540/mo | 🔴 WEAK |
| 60 | Cedar Grove, NC | 3.4% | -$1,004/mo | $399,579 | $2,060/mo | 🔴 WEAK |
| 61 | Clyde, NC | 3.4% | -$822/mo | $336,198 | $1,760/mo | 🔴 WEAK |
| 62 | Burlington, NC | 3.4% | -$731/mo | $298,220 | $1,535/mo | 🔴 WEAK |
| 63 | Cherryville, NC | 3.4% | -$633/mo | $250,833 | $1,290/mo | 🔴 WEAK |
| 64 | Trent Woods, NC | 3.3% | -$801/mo | $316,048 | $1,620/mo | 🔴 WEAK |
| 65 | Thomasville, NC | 3.3% | -$612/mo | $240,440 | $1,230/mo | 🔴 WEAK |
| 66 | Stony Point, NC | 3.3% | -$696/mo | $271,202 | $1,380/mo | 🔴 WEAK |
| 67 | Yadkinville, NC | 3.3% | -$647/mo | $249,365 | $1,260/mo | 🔴 WEAK |
| 68 | Wilmington, NC | 3.3% | -$1,071/mo | $395,536 | $2,045/mo | 🔴 WEAK |
| 69 | Four Oaks, NC | 3.2% | -$820/mo | $311,523 | $1,560/mo | 🔴 WEAK |
| 70 | Salisbury, NC | 3.2% | -$779/mo | $296,823 | $1,490/mo | 🔴 WEAK |
| 71 | Hamptonville, NC | 3.2% | -$665/mo | $252,033 | $1,260/mo | 🔴 WEAK |
| 72 | Asheville, NC | 3.2% | -$1,135/mo | $452,490 | $2,340/mo | 🔴 WEAK |
| 73 | Aydlett, NC | 3.2% | -$1,004/mo | $380,261 | $1,900/mo | 🔴 WEAK |
| 74 | Morrisville, NC | 3.2% | -$1,324/mo | $505,518 | $2,540/mo | 🔴 WEAK |
| 75 | Lexington, NC | 3.2% | -$665/mo | $252,008 | $1,260/mo | 🔴 WEAK |
| 76 | Charlotte, NC | 3.1% | -$1,154/mo | $401,665 | $2,160/mo | 🔴 WEAK |
| 77 | Elon, NC | 3.1% | -$866/mo | $318,384 | $1,560/mo | 🔴 WEAK |
| 78 | Durham, NC | 3.1% | -$1,079/mo | $422,352 | $1,955/mo | 🔴 WEAK |
| 79 | Benson, NC | 3.1% | -$886/mo | $321,307 | $1,560/mo | 🔴 WEAK |
| 80 | Gibsonville, NC | 3.1% | -$812/mo | $293,245 | $1,420/mo | 🔴 WEAK |
| 81 | Candler, NC | 3.0% | -$1,166/mo | $418,837 | $2,020/mo | 🔴 WEAK |
| 82 | Mebane, NC | 3.0% | -$997/mo | $354,813 | $1,700/mo | 🔴 WEAK |
| 83 | Fuquay Varina, NC | 3.0% | -$1,254/mo | $445,285 | $2,130/mo | 🔴 WEAK |
| 84 | Kernersville, NC | 3.0% | -$922/mo | $323,023 | $1,530/mo | 🔴 WEAK |
| 85 | Harmony, NC | 3.0% | -$809/mo | $287,935 | $1,380/mo | 🔴 WEAK |
| 86 | Browns Summit, NC | 3.0% | -$883/mo | $312,347 | $1,490/mo | 🔴 WEAK |
| 87 | Angier, NC | 2.9% | -$977/mo | $334,804 | $1,560/mo | 🔴 WEAK |
| 88 | Mocksville, NC | 2.9% | -$810/mo | $280,775 | $1,320/mo | 🔴 WEAK |
| 89 | Statesville, NC | 2.9% | -$904/mo | $309,331 | $1,440/mo | 🔴 WEAK |
| 90 | Timberlake, NC | 2.9% | -$933/mo | $322,136 | $1,510/mo | 🔴 WEAK |
| 91 | Denton, NC | 2.9% | -$766/mo | $260,886 | $1,210/mo | 🔴 WEAK |
| 92 | Alexis, NC | 2.9% | -$1,009/mo | $346,899 | $1,620/mo | 🔴 WEAK |
| 93 | Zebulon, NC | 2.8% | -$1,032/mo | $342,991 | $1,560/mo | 🔴 WEAK |
| 94 | Vale, NC | 2.8% | -$888/mo | $293,621 | $1,330/mo | 🔴 WEAK |
| 95 | Monroe, NC | 2.8% | -$1,088/mo | $365,396 | $1,675/mo | 🔴 WEAK |
| 96 | Lincolnton, NC | 2.8% | -$878/mo | $298,190 | $1,380/mo | 🔴 WEAK |
| 97 | Virginia Beach, NC | 2.8% | -$1,258/mo | $420,260 | $1,920/mo | 🔴 WEAK |
| 98 | Marshville, NC | 2.7% | -$1,005/mo | $325,561 | $1,450/mo | 🔴 WEAK |
| 99 | Hendersonville, NC | 2.7% | -$1,300/mo | $427,679 | $1,930/mo | 🔴 WEAK |
| 100 | Maiden, NC | 2.6% | -$982/mo | $314,872 | $1,390/mo | 🔴 WEAK |
| 101 | Concord, NC | 2.6% | -$1,221/mo | $380,734 | $1,640/mo | 🔴 WEAK |
| 102 | Oriental, NC | 2.6% | -$1,104/mo | $347,579 | $1,510/mo | 🔴 WEAK |
| 103 | Dallas, NC | 2.6% | -$913/mo | $288,858 | $1,260/mo | 🔴 WEAK |
| 104 | Franklinton, NC | 2.6% | -$1,125/mo | $356,817 | $1,560/mo | 🔴 WEAK |
| 105 | Holly Springs, NC | 2.6% | -$1,856/mo | $584,429 | $2,540/mo | 🔴 WEAK |
| 106 | Matthews, NC | 2.5% | -$1,782/mo | $546,164 | $2,315/mo | 🔴 WEAK |
| 107 | Shawboro, NC | 2.4% | -$1,333/mo | $402,154 | $1,680/mo | 🔴 WEAK |
| 108 | Mooresville, NC | 2.4% | -$1,365/mo | $409,371 | $1,700/mo | 🔴 WEAK |
| 109 | Waynesville, NC | 2.4% | -$1,220/mo | $366,086 | $1,520/mo | 🔴 WEAK |
| 110 | Raleigh, NC | 2.4% | -$1,712/mo | $508,401 | $2,090/mo | 🔴 WEAK |
| 111 | Rougemont, NC | 2.3% | -$1,278/mo | $373,334 | $1,510/mo | 🔴 WEAK |
| 112 | Cleveland, NC | 2.3% | -$1,052/mo | $309,463 | $1,260/mo | 🔴 WEAK |
| 113 | Linden, NC | 2.3% | -$1,058/mo | $313,900 | $1,290/mo | 🔴 WEAK |
| 114 | Colfax, NC | 2.2% | -$1,460/mo | $413,718 | $1,620/mo | 🔴 WEAK |
| 115 | Stanley, NC | 2.2% | -$1,285/mo | $369,590 | $1,470/mo | 🔴 WEAK |
| 116 | New London, NC | 2.2% | -$1,098/mo | $317,518 | $1,270/mo | 🔴 WEAK |
| 117 | Carrboro, NC | 2.2% | -$1,868/mo | $522,966 | $2,020/mo | 🔴 WEAK |
| 118 | Crouse, NC | 2.2% | -$1,030/mo | $297,687 | $1,190/mo | 🔴 WEAK |
| 119 | Sherrills Ford, NC | 2.2% | -$1,731/mo | $496,594 | $1,970/mo | 🔴 WEAK |
| 120 | Wake Forest, NC | 2.2% | -$1,785/mo | $515,569 | $2,060/mo | 🔴 WEAK |
| 121 | Youngsville, NC | 2.1% | -$1,513/mo | $420,378 | $1,610/mo | 🔴 WEAK |
| 122 | Apex, NC | 2.1% | -$2,169/mo | $609,077 | $2,440/mo | 🔴 WEAK |
| 123 | Iron Station, NC | 2.1% | -$1,513/mo | $422,865 | $1,630/mo | 🔴 WEAK |
| 124 | Holly Ridge, NC | 2.1% | -$1,886/mo | $524,441 | $2,010/mo | 🔴 WEAK |
| 125 | Willow Spring, NC | 2.0% | -$1,515/mo | $414,619 | $1,560/mo | 🔴 WEAK |
| 126 | Cary, NC | 2.0% | -$2,585/mo | $708,502 | $2,310/mo | 🔴 WEAK |
| 127 | Clemmons, NC | 2.0% | -$1,401/mo | $388,012 | $1,480/mo | 🔴 WEAK |
| 128 | Efland, NC | 2.0% | -$1,448/mo | $398,548 | $1,510/mo | 🔴 WEAK |
| 129 | Mount Ulla, NC | 1.9% | -$1,688/mo | $450,071 | $1,640/mo | 🔴 POOR |
| 130 | Gold Hill, NC | 1.8% | -$1,292/mo | $335,243 | $1,180/mo | 🔴 POOR |
| 131 | Union Grove, NC | 1.8% | -$1,321/mo | $349,359 | $1,260/mo | 🔴 POOR |
| 132 | Stokesdale, NC | 1.8% | -$1,503/mo | $394,573 | $1,410/mo | 🔴 POOR |
| 133 | Chapel Hill, NC | 1.7% | -$2,559/mo | $662,115 | $2,320/mo | 🔴 POOR |
| 134 | Davidson, NC | 1.5% | -$2,692/mo | $659,803 | $2,140/mo | 🔴 POOR |
| 135 | Summerfield, NC | 1.5% | -$2,124/mo | $517,190 | $1,660/mo | 🔴 POOR |
| 136 | Denver, NC | 1.2% | -$2,366/mo | $548,279 | $1,620/mo | 🔴 POOR |
| 137 | Pittsboro, NC | 1.1% | -$2,493/mo | $562,182 | $1,580/mo | 🔴 POOR |
| 138 | New Hill, NC | 0.5% | -$3,356/mo | $687,752 | $1,560/mo | 🔴 POOR |