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

Hackensack, NJ has a median modeled monthly cash flow of $-706 and a median cap rate of 4.1%, on a median sold price of $395,000. Prices changed -1.4% year over year.

What is the average cap rate in Hackensack, NJ?

The median cap rate across recently sold homes in Hackensack, NJ is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hackensack, NJ?

The median sold price in Hackensack, NJ is $395,000 (about $343 per square foot).

Investing in Hackensack, NJ Real Estate

A data-driven snapshot of the Hackensack, 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.

$395,000Median sold price

$343Median $/sqft

4.1%Median cap rate

$-706Modeled cash flow / mo

-1.4%Appreciation YoY

2.0Months of supply

49Active listings

297Sold (last 12 mo)

What the Hackensack numbers say

In Hackensack, NJ, the median home sold for $395,000 (about $343 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-706 of monthly cash flow. Sold prices moved -1.4% over the past year. Inventory sits at about 2.0 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 Hackensack cash-flowing listings

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