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

Northfield, NJ has a median modeled monthly cash flow of $-579 and a median cap rate of 4.4%, on a median sold price of $420,000. Prices changed +9.4% year over year.

What is the average cap rate in Northfield, NJ?

The median cap rate across recently sold homes in Northfield, NJ is 4.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Northfield, NJ?

The median sold price in Northfield, NJ is $420,000 (about $256 per square foot).

Investing in Northfield, NJ Real Estate

A data-driven snapshot of the Northfield, 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.

$420,000Median sold price

$256Median $/sqft

4.4%Median cap rate

$-579Modeled cash flow / mo

+9.4%Appreciation YoY

6.5Months of supply

54Active listings

100Sold (last 12 mo)

What the Northfield numbers say

In Northfield, NJ, the median home sold for $420,000 (about $256 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-579 of monthly cash flow. Sold prices moved +9.4% over the past year. Inventory sits at about 6.5 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 Northfield cash-flowing listings

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