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

Paterson, NJ has a median modeled monthly cash flow of $-670 and a median cap rate of 4.9%, on a median sold price of $570,000. Prices changed +12.3% year over year.

What is the average cap rate in Paterson, NJ?

The median cap rate across recently sold homes in Paterson, NJ is 4.9%, 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 $293 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

$293Median $/sqft

4.8%Median cap rate

$-670Modeled cash flow / mo

+12.3%Appreciation YoY

12.0Months of supply

551Active listings

551Sold (last 12 mo)

What the Paterson numbers say

In Paterson, NJ, the median home sold for $570,000 (about $293 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-670 of monthly cash flow. Sold prices moved +12.3% over the past year. Inventory sits at about 12.0 months of supply — a looser, buyer-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 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.