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

Garfield, NJ has a median modeled monthly cash flow of $-2,179 and a median cap rate of 2.6%, on a median sold price of $655,000. Prices changed n/a year over year.

What is the average cap rate in Garfield, NJ?

The median cap rate across recently sold homes in Garfield, NJ is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Garfield, NJ?

The median sold price in Garfield, NJ is $655,000.

Investing in Garfield, NJ Real Estate

A data-driven snapshot of the Garfield, 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.

$655,000Median sold price

—Median $/sqft

2.6%Median cap rate

$-2,179Modeled cash flow / mo

—Appreciation YoY

3.3Months of supply

44Active listings

159Sold (last 12 mo)

What the Garfield numbers say

In Garfield, NJ, the median home sold for $655,000, and the typical deal models out to a 2.6% cap rate with a median $-2,179 of monthly cash flow. Inventory sits at about 3.3 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 Garfield cash-flowing listings

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