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

Morristown, NJ has a median modeled monthly cash flow of $-1,804 and a median cap rate of 2.9%, on a median sold price of $742,500. Prices changed +5.9% year over year.

What is the average cap rate in Morristown, NJ?

The median cap rate across recently sold homes in Morristown, NJ is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morristown, NJ?

The median sold price in Morristown, NJ is $742,500 (about $433 per square foot).

Investing in Morristown, NJ Real Estate

A data-driven snapshot of the Morristown, 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.

$742,500Median sold price

$433Median $/sqft

2.9%Median cap rate

$-1,804Modeled cash flow / mo

+5.9%Appreciation YoY

4.2Months of supply

41Active listings

116Sold (last 12 mo)

What the Morristown numbers say

In Morristown, NJ, the median home sold for $742,500 (about $433 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,804 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 4.2 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 Morristown cash-flowing listings

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