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

Red Bank, NJ has a median modeled monthly cash flow of $-2,520 and a median cap rate of 2.4%, on a median sold price of $692,500. Prices changed +4.3% 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 2.4%, 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 $438 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

$438Median $/sqft

2.4%Median cap rate

$-2,520Modeled cash flow / mo

+4.3%Appreciation YoY

6.6Months of supply

71Active listings

130Sold (last 12 mo)

What the Red Bank numbers say

In Red Bank, NJ, the median home sold for $692,500 (about $438 per square foot), and the typical deal models out to a 2.4% cap rate with a median $-2,520 of monthly cash flow. Sold prices moved +4.3% over the past year. Inventory sits at about 6.6 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.