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

Carteret, NJ has a median modeled monthly cash flow of $-1,278 and a median cap rate of 3.5%, on a median sold price of $560,000. Prices changed -1.1% year over year.

What is the average cap rate in Carteret, NJ?

The median cap rate across recently sold homes in Carteret, NJ is 3.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carteret, NJ?

The median sold price in Carteret, NJ is $560,000 (about $345 per square foot).

Investing in Carteret, NJ Real Estate

A data-driven snapshot of the Carteret, 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.

$560,000Median sold price

$345Median $/sqft

3.5%Median cap rate

$-1,278Modeled cash flow / mo

-1.1%Appreciation YoY

10.1Months of supply

119Active listings

142Sold (last 12 mo)

What the Carteret numbers say

In Carteret, NJ, the median home sold for $560,000 (about $345 per square foot), and the typical deal models out to a 3.5% cap rate with a median $-1,278 of monthly cash flow. Sold prices moved -1.1% over the past year. Inventory sits at about 10.1 months of supply — a looser, buyer-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 Carteret cash-flowing listings

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