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

Milltown, NJ has a median modeled monthly cash flow of $-1,570 and a median cap rate of 2.7%, on a median sold price of $670,000. Prices changed +1.4% year over year.

What is the average cap rate in Milltown, NJ?

The median cap rate across recently sold homes in Milltown, NJ is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Milltown, NJ?

The median sold price in Milltown, NJ is $670,000 (about $352 per square foot).

Investing in Milltown, NJ Real Estate

A data-driven snapshot of the Milltown, 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.

$670,000Median sold price

$352Median $/sqft

2.7%Median cap rate

$-1,570Modeled cash flow / mo

+1.4%Appreciation YoY

4.0Months of supply

40Active listings

120Sold (last 12 mo)

What the Milltown numbers say

In Milltown, NJ, the median home sold for $670,000 (about $352 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,570 of monthly cash flow. Sold prices moved +1.4% over the past year. Inventory sits at about 4.0 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 Milltown cash-flowing listings

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