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

Pitman, NJ has a median modeled monthly cash flow of $-1,058 and a median cap rate of 2.8%, on a median sold price of $365,000. Prices changed +6.4% year over year.

What is the average cap rate in Pitman, NJ?

The median cap rate across recently sold homes in Pitman, NJ is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pitman, NJ?

The median sold price in Pitman, NJ is $365,000 (about $233 per square foot).

Investing in Pitman, NJ Real Estate

A data-driven snapshot of the Pitman, 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.

$365,000Median sold price

$233Median $/sqft

2.8%Median cap rate

$-1,058Modeled cash flow / mo

+6.4%Appreciation YoY

4.9Months of supply

63Active listings

155Sold (last 12 mo)

What the Pitman numbers say

In Pitman, NJ, the median home sold for $365,000 (about $233 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,058 of monthly cash flow. Sold prices moved +6.4% over the past year. Inventory sits at about 4.9 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 Pitman cash-flowing listings

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