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

Springfield, NJ has a median modeled monthly cash flow of $-2,469 and a median cap rate of 2.6%, on a median sold price of $658,500. Prices changed -7.7% year over year.

What is the average cap rate in Springfield, NJ?

The median cap rate across recently sold homes in Springfield, NJ is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Springfield, NJ?

The median sold price in Springfield, NJ is $658,500 (about $299 per square foot).

Investing in Springfield, NJ Real Estate

A data-driven snapshot of the Springfield, 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.

$658,500Median sold price

$299Median $/sqft

2.6%Median cap rate

$-2,469Modeled cash flow / mo

-7.7%Appreciation YoY

1.8Months of supply

27Active listings

177Sold (last 12 mo)

What the Springfield numbers say

In Springfield, NJ, the median home sold for $658,500 (about $299 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-2,469 of monthly cash flow. Sold prices moved -7.7% over the past year. Inventory sits at about 1.8 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 Springfield cash-flowing listings

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