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

Elizabeth, NJ has a median modeled monthly cash flow of $-2,450 and a median cap rate of 2.4%, on a median sold price of $640,000. Prices changed +19.4% year over year.

What is the average cap rate in Elizabeth, NJ?

The median cap rate across recently sold homes in Elizabeth, NJ is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elizabeth, NJ?

The median sold price in Elizabeth, NJ is $640,000 (about $333 per square foot).

Investing in Elizabeth, NJ Real Estate

A data-driven snapshot of the Elizabeth, 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.

$640,000Median sold price

$333Median $/sqft

2.4%Median cap rate

$-2,450Modeled cash flow / mo

+19.4%Appreciation YoY

5.0Months of supply

177Active listings

421Sold (last 12 mo)

What the Elizabeth numbers say

In Elizabeth, NJ, the median home sold for $640,000 (about $333 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-2,450 of monthly cash flow. Sold prices moved +19.4% over the past year. Inventory sits at about 5.0 months of supply. 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 Elizabeth cash-flowing listings

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