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

Vernon, NJ has a median modeled monthly cash flow of $-1,362 and a median cap rate of 2.1%, on a median sold price of $405,000. Prices changed n/a year over year.

What is the average cap rate in Vernon, NJ?

The median cap rate across recently sold homes in Vernon, NJ is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Vernon, NJ?

The median sold price in Vernon, NJ is $405,000 (about $227 per square foot).

Investing in Vernon, NJ Real Estate

A data-driven snapshot of the Vernon, 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.

$405,000Median sold price

$227Median $/sqft

2.1%Median cap rate

$-1,362Modeled cash flow / mo

—Appreciation YoY

6.6Months of supply

110Active listings

201Sold (last 12 mo)

What the Vernon numbers say

In Vernon, NJ, the median home sold for $405,000 (about $227 per square foot), and the typical deal models out to a 2.1% cap rate with a median $-1,362 of monthly cash flow. Inventory sits at about 6.6 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 Vernon cash-flowing listings

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