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

West Milford, NJ has a median modeled monthly cash flow of $-1,655 and a median cap rate of 1.5%, on a median sold price of $445,000. Prices changed +67.7% year over year.

What is the average cap rate in West Milford, NJ?

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

What is the median home price in West Milford, NJ?

The median sold price in West Milford, NJ is $445,000 (about $286 per square foot).

Investing in West Milford, NJ Real Estate

A data-driven snapshot of the West Milford, 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.

$445,000Median sold price

$286Median $/sqft

1.5%Median cap rate

$-1,655Modeled cash flow / mo

+67.7%Appreciation YoY

2.3Months of supply

45Active listings

239Sold (last 12 mo)

What the West Milford numbers say

In West Milford, NJ, the median home sold for $445,000 (about $286 per square foot), and the typical deal models out to a 1.5% cap rate with a median $-1,655 of monthly cash flow. Sold prices moved +67.7% over the past year. Inventory sits at about 2.3 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 West Milford cash-flowing listings

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