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

Salem, NJ has a median modeled monthly cash flow of $335 and a median cap rate of 9.0%, on a median sold price of $175,000. Prices changed +16.0% year over year.

What is the average cap rate in Salem, NJ?

The median cap rate across recently sold homes in Salem, NJ is 9.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, NJ?

The median sold price in Salem, NJ is $175,000 (about $116 per square foot).

Investing in Salem, NJ Real Estate

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

A data-driven snapshot of the Salem, 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.

$175,000Median sold price

$116Median $/sqft

9.0%Median cap rate

$335Modeled cash flow / mo

+16.0%Appreciation YoY

14.5Months of supply

99Active listings

82Sold (last 12 mo)

What the Salem numbers say

In Salem, NJ, the median home sold for $175,000 (about $116 per square foot), and the typical deal models out to a 9.0% cap rate with a median $335 of monthly cash flow. Sold prices moved +16.0% over the past year. Inventory sits at about 14.5 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 Salem cash-flowing listings

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