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

Paterson, NJ has a median modeled monthly cash flow of $-1,388 and a median cap rate of 3.4%, on a median sold price of $570,000. Prices changed -24.6% year over year.

What is the average cap rate in Paterson, NJ?

The median cap rate across recently sold homes in Paterson, NJ is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Paterson, NJ?

The median sold price in Paterson, NJ is $570,000 (about $196 per square foot).

Investing in Paterson, NJ Real Estate

A data-driven snapshot of the Paterson, 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.

$570,000Median sold price

$196Median $/sqft

3.4%Median cap rate

$-1,388Modeled cash flow / mo

-24.6%Appreciation YoY

6.6Months of supply

296Active listings

541Sold (last 12 mo)

What the Paterson numbers say

In Paterson, NJ, the median home sold for $570,000 (about $196 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-1,388 of monthly cash flow. Sold prices moved -24.6% over the past year. Inventory sits at about 6.6 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 Paterson cash-flowing listings

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