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

Ocean Grove, NJ has a median modeled monthly cash flow of $-3,009 and a median cap rate of 1.6%, on a median sold price of $910,000. Prices changed +5.8% year over year.

What is the average cap rate in Ocean Grove, NJ?

The median cap rate across recently sold homes in Ocean Grove, NJ is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Ocean Grove, NJ?

The median sold price in Ocean Grove, NJ is $910,000 (about $608 per square foot).

Investing in Ocean Grove, NJ Real Estate

A data-driven snapshot of the Ocean Grove, 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.

$910,000Median sold price

$608Median $/sqft

1.6%Median cap rate

$-3,009Modeled cash flow / mo

+5.8%Appreciation YoY

5.2Months of supply

37Active listings

85Sold (last 12 mo)

What the Ocean Grove numbers say

In Ocean Grove, NJ, the median home sold for $910,000 (about $608 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-3,009 of monthly cash flow. Sold prices moved +5.8% over the past year. Inventory sits at about 5.2 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 Ocean Grove cash-flowing listings

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