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

Somerset, NJ has a median modeled monthly cash flow of $-1,249 and a median cap rate of 3.8%, on a median sold price of $527,500. Prices changed +0.1% year over year.

What is the average cap rate in Somerset, NJ?

The median cap rate across recently sold homes in Somerset, NJ is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Somerset, NJ?

The median sold price in Somerset, NJ is $527,500 (about $338 per square foot).

Investing in Somerset, NJ Real Estate

A data-driven snapshot of the Somerset, 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.

$527,500Median sold price

$338Median $/sqft

3.8%Median cap rate

$-1,249Modeled cash flow / mo

+0.1%Appreciation YoY

0.6Months of supply

12Active listings

232Sold (last 12 mo)

What the Somerset numbers say

In Somerset, NJ, the median home sold for $527,500 (about $338 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-1,249 of monthly cash flow. Sold prices moved +0.1% over the past year. Inventory sits at about 0.6 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 Somerset cash-flowing listings

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