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

Elk, NJ has a median modeled monthly cash flow of $-1,258 and a median cap rate of 2.5%, on a median sold price of $370,000. Prices changed +4.8% year over year.

What is the average cap rate in Elk, NJ?

The median cap rate across recently sold homes in Elk, NJ is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elk, NJ?

The median sold price in Elk, NJ is $370,000 (about $220 per square foot).

Investing in Elk, NJ Real Estate

A data-driven snapshot of the Elk, 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.

$370,000Median sold price

$220Median $/sqft

2.5%Median cap rate

$-1,258Modeled cash flow / mo

+4.8%Appreciation YoY

10.4Months of supply

39Active listings

45Sold (last 12 mo)

What the Elk numbers say

In Elk, NJ, the median home sold for $370,000 (about $220 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,258 of monthly cash flow. Sold prices moved +4.8% over the past year. Inventory sits at about 10.4 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 Elk cash-flowing listings

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