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

Summit, NJ has a median modeled monthly cash flow of $-3,557 and a median cap rate of 2.6%, on a median sold price of $1,327,500. Prices changed -7.4% year over year.

What is the average cap rate in Summit, NJ?

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

What is the median home price in Summit, NJ?

The median sold price in Summit, NJ is $1,327,500 (about $540 per square foot).

Investing in Summit, NJ Real Estate

A data-driven snapshot of the Summit, 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.

$1,327,500Median sold price

$540Median $/sqft

2.6%Median cap rate

$-3,557Modeled cash flow / mo

-7.4%Appreciation YoY

1.2Months of supply

27Active listings

260Sold (last 12 mo)

What the Summit numbers say

In Summit, NJ, the median home sold for $1,327,500 (about $540 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-3,557 of monthly cash flow. Sold prices moved -7.4% over the past year. Inventory sits at about 1.2 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 Summit cash-flowing listings

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