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

Pennington, NJ has a median modeled monthly cash flow of $-2,181 and a median cap rate of 2.2%, on a median sold price of $700,000. Prices changed +6.2% year over year.

What is the average cap rate in Pennington, NJ?

The median cap rate across recently sold homes in Pennington, NJ is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pennington, NJ?

The median sold price in Pennington, NJ is $700,000 (about $308 per square foot).

Investing in Pennington, NJ Real Estate

A data-driven snapshot of the Pennington, 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.

$700,000Median sold price

$308Median $/sqft

2.2%Median cap rate

$-2,181Modeled cash flow / mo

+6.2%Appreciation YoY

4.6Months of supply

82Active listings

213Sold (last 12 mo)

What the Pennington numbers say

In Pennington, NJ, the median home sold for $700,000 (about $308 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-2,181 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 4.6 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 Pennington cash-flowing listings

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