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

Penns Grove, NJ has a median modeled monthly cash flow of $-73 and a median cap rate of 6.0%, on a median sold price of $230,500. Prices changed +9.2% year over year.

What is the average cap rate in Penns Grove, NJ?

The median cap rate across recently sold homes in Penns Grove, NJ is 6.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Penns Grove, NJ?

The median sold price in Penns Grove, NJ is $230,500 (about $155 per square foot).

Investing in Penns Grove, NJ Real Estate

A data-driven snapshot of the Penns Grove, 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.

$230,500Median sold price

$155Median $/sqft

6.0%Median cap rate

$-73Modeled cash flow / mo

+9.2%Appreciation YoY

8.7Months of supply

31Active listings

43Sold (last 12 mo)

What the Penns Grove numbers say

In Penns Grove, NJ, the median home sold for $230,500 (about $155 per square foot), and the typical deal models out to a 6.0% cap rate with a median $-73 of monthly cash flow. Sold prices moved +9.2% over the past year. Inventory sits at about 8.7 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 Penns Grove cash-flowing listings

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