2024 · New Jersey
Rental yield in New Jersey
In 2024, the typical rental in New Jersey produced a gross yield of 4.4% — $1,800/mo median rent against a $496K median home value, ranking 36th of 51 states.
4.4%
Gross rental yield
below the 4.9% U.S. median
$1,800/mo
Median gross rent
incl. utilities (ACS)
$496K
Median home value
owner-occupied (ACS)
New Jersey metros by yield
Metropolitan areas in New Jersey with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Vineland, NJ | 5.8% | $1,201/mo | $250K |
| Allentown-Bethlehem-Easton, PA-NJ | 5.3% | $1,458/mo | $333K |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 5.0% | $1,567/mo | $375K |
| Atlantic City-Hammonton, NJ | 4.8% | $1,467/mo | $366K |
| Trenton-Princeton, NJ | 4.8% | $1,744/mo | $437K |
| New York-Newark-Jersey City, NY-NJ | 3.4% | $1,851/mo | $649K |
Frequently asked questions
What is the gross rental yield in New Jersey?
In 2024, New Jersey had a gross rental yield of 4.4% — $1,800/mo median gross rent against a $496K median home value. That ranks 36th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which New Jersey metros have the best rental yield?
Among New Jersey metros covered by the data, gross yield was highest in Vineland, NJ (5.8%), Allentown-Bethlehem-Easton, PA-NJ (5.3%), and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (5.0%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in New Jersey
Yield shows where the numbers work; our Investor Financing Report for New Jersey shows the rate premium, denial rate, and DSCR lending investors face there.
Run a New Jersey deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.