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

Upper Montclair, NJ has a median modeled monthly cash flow of $-4,354 and a median cap rate of 1.5%, on a median sold price of $1,056,500. Prices changed +30.7% year over year.

What is the average cap rate in Upper Montclair, NJ?

The median cap rate across recently sold homes in Upper Montclair, NJ is 1.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Upper Montclair, NJ?

The median sold price in Upper Montclair, NJ is $1,056,500 (about $528 per square foot).

Investing in Upper Montclair, NJ Real Estate

A data-driven snapshot of the Upper Montclair, 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.

$1,056,500Median sold price

$528Median $/sqft

1.5%Median cap rate

$-4,354Modeled cash flow / mo

+30.7%Appreciation YoY

0.7Months of supply

19Active listings

318Sold (last 12 mo)

What the Upper Montclair numbers say

In Upper Montclair, NJ, the median home sold for $1,056,500 (about $528 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-4,354 of monthly cash flow. Sold prices moved +30.7% over the past year. Inventory sits at about 0.7 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 Upper Montclair cash-flowing listings

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