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

Palmyra, NJ has a median modeled monthly cash flow of $-683 and a median cap rate of 3.6%, on a median sold price of $325,000. Prices changed -7.0% year over year.

What is the average cap rate in Palmyra, NJ?

The median cap rate across recently sold homes in Palmyra, NJ is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Palmyra, NJ?

The median sold price in Palmyra, NJ is $325,000 (about $212 per square foot).

Investing in Palmyra, NJ Real Estate

A data-driven snapshot of the Palmyra, 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.

$325,000Median sold price

$212Median $/sqft

3.6%Median cap rate

$-683Modeled cash flow / mo

-7.0%Appreciation YoY

5.6Months of supply

62Active listings

134Sold (last 12 mo)

What the Palmyra numbers say

In Palmyra, NJ, the median home sold for $325,000 (about $212 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-683 of monthly cash flow. Sold prices moved -7.0% over the past year. Inventory sits at about 5.6 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 Palmyra cash-flowing listings

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