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

Penns Grove, NJ has a median modeled monthly cash flow of $151 and a median cap rate of 7.0%, on a median sold price of $240,000. Prices changed +7.5% 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 7.0%, 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 $240,000 (about $158 per square foot).

Investing in Penns Grove, NJ Real Estate

#145 cash-flow market in the U.S.

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.

$240,000Median sold price

$158Median $/sqft

7.0%Median cap rate

$151Modeled cash flow / mo

+7.5%Appreciation YoY

13.5Months of supply

44Active listings

39Sold (last 12 mo)

What the Penns Grove numbers say

In Penns Grove, NJ, the median home sold for $240,000 (about $158 per square foot), and the typical deal models out to a 7.0% cap rate with a median $151 of monthly cash flow. Sold prices moved +7.5% over the past year. Inventory sits at about 13.5 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.