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

Park Ridge, NJ has a median modeled monthly cash flow of $-2,599 and a median cap rate of 2.8%, on a median sold price of $850,000. Prices changed +24.5% year over year.

What is the average cap rate in Park Ridge, NJ?

The median cap rate across recently sold homes in Park Ridge, NJ is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Park Ridge, NJ?

The median sold price in Park Ridge, NJ is $850,000 (about $450 per square foot).

Investing in Park Ridge, NJ Real Estate

A data-driven snapshot of the Park Ridge, 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.

$850,000Median sold price

$450Median $/sqft

2.8%Median cap rate

$-2,599Modeled cash flow / mo

+24.5%Appreciation YoY

0.5Months of supply

4Active listings

96Sold (last 12 mo)

What the Park Ridge numbers say

In Park Ridge, NJ, the median home sold for $850,000 (about $450 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-2,599 of monthly cash flow. Sold prices moved +24.5% over the past year. Inventory sits at about 0.5 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 Park Ridge cash-flowing listings

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