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

Sparta, NJ has a median modeled monthly cash flow of $-4,200 and a median cap rate of -0.1%, on a median sold price of $645,500. Prices changed -32.5% year over year.

What is the average cap rate in Sparta, NJ?

The median cap rate across recently sold homes in Sparta, NJ is -0.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sparta, NJ?

The median sold price in Sparta, NJ is $645,500 (about $164 per square foot).

Investing in Sparta, NJ Real Estate

A data-driven snapshot of the Sparta, 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.

$645,500Median sold price

$164Median $/sqft

-0.1%Median cap rate

$-4,200Modeled cash flow / mo

-32.5%Appreciation YoY

5.2Months of supply

56Active listings

129Sold (last 12 mo)

What the Sparta numbers say

In Sparta, NJ, the median home sold for $645,500 (about $164 per square foot), and the typical deal models out to a -0.1% cap rate with a median $-4,200 of monthly cash flow. Sold prices moved -32.5% over the past year. Inventory sits at about 5.2 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 Sparta cash-flowing listings

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