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

Independence, NJ has a median modeled monthly cash flow of $-860 and a median cap rate of 4.0%, on a median sold price of $412,500. Prices changed n/a year over year.

What is the average cap rate in Independence, NJ?

The median cap rate across recently sold homes in Independence, NJ is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Independence, NJ?

The median sold price in Independence, NJ is $412,500 (about $276 per square foot).

Investing in Independence, NJ Real Estate

A data-driven snapshot of the Independence, 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.

$412,500Median sold price

$276Median $/sqft

4.0%Median cap rate

$-860Modeled cash flow / mo

—Appreciation YoY

4.3Months of supply

21Active listings

58Sold (last 12 mo)

What the Independence numbers say

In Independence, NJ, the median home sold for $412,500 (about $276 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-860 of monthly cash flow. Inventory sits at about 4.3 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 Independence cash-flowing listings

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