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

Milltown, NJ has a median modeled monthly cash flow of $-1,719 and a median cap rate of 2.5%, on a median sold price of $703,500. Prices changed +2.4% year over year.

What is the average cap rate in Milltown, NJ?

The median cap rate across recently sold homes in Milltown, NJ is 2.5%, 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 $703,500 (about $345 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.

$703,500Median sold price

$345Median $/sqft

2.5%Median cap rate

$-1,719Modeled cash flow / mo

+2.4%Appreciation YoY

1.9Months of supply

27Active listings

172Sold (last 12 mo)

What the Milltown numbers say

In Milltown, NJ, the median home sold for $703,500 (about $345 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,719 of monthly cash flow. Sold prices moved +2.4% over the past year. Inventory sits at about 1.9 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 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.