Is Allendale, NJ a good place to invest in rental property?

Allendale, NJ has a median modeled monthly cash flow of $-2,916 and a median cap rate of 2.1%, on a median sold price of $879,250. Prices changed +25.4% year over year.

What is the average cap rate in Allendale, NJ?

The median cap rate across recently sold homes in Allendale, NJ is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Allendale, NJ?

The median sold price in Allendale, NJ is $879,250 (about $326 per square foot).

Investing in Allendale, NJ Real Estate

A data-driven snapshot of the Allendale, NJ 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.

$879,250Median sold price

$326Median $/sqft

2.1%Median cap rate

$-2,916Modeled cash flow / mo

+25.4%Appreciation YoY

0.4Months of supply

3Active listings

80Sold (last 12 mo)

What the Allendale numbers say

In Allendale, NJ, the median home sold for $879,250 (about $326 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-2,916 of monthly cash flow. Sold prices moved +25.4% over the past year. Inventory sits at about 0.4 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Allendale cash-flowing listings

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