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

Millburn, NJ has a median modeled monthly cash flow of $-6,599 and a median cap rate of 1.8%, on a median sold price of $1,485,000. Prices changed +49.6% year over year.

What is the average cap rate in Millburn, NJ?

The median cap rate across recently sold homes in Millburn, NJ is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Millburn, NJ?

The median sold price in Millburn, NJ is $1,485,000 (about $1,017 per square foot).

Investing in Millburn, NJ Real Estate

A data-driven snapshot of the Millburn, 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.

$1,485,000Median sold price

$1,017Median $/sqft

1.8%Median cap rate

$-6,599Modeled cash flow / mo

+49.6%Appreciation YoY

7.2Months of supply

37Active listings

62Sold (last 12 mo)

What the Millburn numbers say

In Millburn, NJ, the median home sold for $1,485,000 (about $1,017 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-6,599 of monthly cash flow. Sold prices moved +49.6% over the past year. Inventory sits at about 7.2 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 Millburn cash-flowing listings

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