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

Preakness, NJ has a median modeled monthly cash flow of $-2,432 and a median cap rate of 2.4%, on a median sold price of $685,000. Prices changed +15.0% year over year.

What is the average cap rate in Preakness, NJ?

The median cap rate across recently sold homes in Preakness, NJ is 2.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Preakness, NJ?

The median sold price in Preakness, NJ is $685,000 (about $361 per square foot).

Investing in Preakness, NJ Real Estate

A data-driven snapshot of the Preakness, 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.

$685,000Median sold price

$361Median $/sqft

2.4%Median cap rate

$-2,432Modeled cash flow / mo

+15.0%Appreciation YoY

0.3Months of supply

6Active listings

249Sold (last 12 mo)

What the Preakness numbers say

In Preakness, NJ, the median home sold for $685,000 (about $361 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-2,432 of monthly cash flow. Sold prices moved +15.0% over the past year. Inventory sits at about 0.3 months of supply — a tight, seller-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 Preakness cash-flowing listings

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