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

Red Bank, NJ has a median modeled monthly cash flow of $-2,359 and a median cap rate of 2.3%, on a median sold price of $692,500. Prices changed +0.6% year over year.

What is the average cap rate in Red Bank, NJ?

The median cap rate across recently sold homes in Red Bank, NJ is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Red Bank, NJ?

The median sold price in Red Bank, NJ is $692,500 (about $432 per square foot).

Investing in Red Bank, NJ Real Estate

A data-driven snapshot of the Red Bank, 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.

$692,500Median sold price

$432Median $/sqft

2.3%Median cap rate

$-2,359Modeled cash flow / mo

+0.6%Appreciation YoY

5.0Months of supply

62Active listings

150Sold (last 12 mo)

What the Red Bank numbers say

In Red Bank, NJ, the median home sold for $692,500 (about $432 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,359 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 5.0 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 Red Bank cash-flowing listings

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