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

Pennington, NJ has a median modeled monthly cash flow of $-2,186 and a median cap rate of 2.5%, on a median sold price of $731,420. Prices changed -2.2% year over year.

What is the average cap rate in Pennington, NJ?

The median cap rate across recently sold homes in Pennington, NJ is 2.5%, 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 $731,420 (about $339 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.

$731,420Median sold price

$339Median $/sqft

2.5%Median cap rate

$-2,186Modeled cash flow / mo

-2.2%Appreciation YoY

11.4Months of supply

40Active listings

42Sold (last 12 mo)

What the Pennington numbers say

In Pennington, NJ, the median home sold for $731,420 (about $339 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-2,186 of monthly cash flow. Sold prices moved -2.2% over the past year. Inventory sits at about 11.4 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.

🔨 See 4 fix-and-flip deals in Pennington — listings where the estimated after-repair value beats list price + rehab.

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.