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Cary vs High Point for Rental Property Investing

Side-by-side comparison of Cary, NC and High Point, NC — cap rates, rent, prices, and investment metrics.

Cary wins 4–3 across key metrics
High Point leads on cash flow (4.73% vs 3.05% cap rate) · Cary leads on population growth
Metric
Cary, NC
High Point, NC
Est. Cap Rate
3.05%
4.73%
Median Home Price
$480,000
$195,000
Median Monthly Rent
$1,920
$1,100
1% Rule
0.40%
0.56%
GRM
20.8x
14.8x
Price / Income
4.6x
4.6x
Property Tax Rate
0.77%
0.82%
Vacancy Rate
3.8%
6.2%
Population Growth
2.4% / yr
0.6% / yr
Annual Appreciation
3.4%
2.6%
Population
178,000
115,000
Median Income
$104,000
$42,400

Cary vs High Point: Which Is Better for Investors?

Cash flow: High Point has the edge with an estimated cap rate of 4.73% compared to Cary's 3.05%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $480,000 in Cary vs $195,000 in High Point, while rents come in at $1,920/mo and $1,100/mo respectively.

Growth & appreciation: Cary is growing faster at 2.4% annually vs High Point's 0.6%. Cary leads on home value appreciation at 3.4% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.77% in Cary vs 0.82% in High Point. Vacancy rates of 3.8% and 6.2% are mixed — Cary has the tighter rental market.

Bottom line: Cary edges out High Point on most key metrics. While cap rates are moderate at 3.05%, Cary's overall profile is stronger. Use our free calculators to model specific deals in Cary or High Point.

Cary, NC
3.05% cap rate · $480,000 median · $1,920/mo
Full analysis →
High Point, NC
4.73% cap rate · $195,000 median · $1,100/mo
Full analysis →
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