Is Salem County, NJ good for real estate investing?

Salem County has an investment score of 63/100, rated as "Buy". The county ranks #378 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Salem?

The rent-to-price ratio in Salem County is 7.22% annually, which ranks in the 82th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Salem?

The median home price in Salem County is $285,707. This ranks #535 in affordability among all US counties.

Can you cash flow on rental properties in Salem?

Based on median values with 20% down at current rates, a typical rental in Salem County would generate negative cash flow of $381/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Salem County

New JerseyPopulation: 64,840

/100

Buy

#378 of 1,000 counties

#7 in New Jersey (21 counties)

Market Snapshot

$285,707

Median Home Price

4% above national median

$1,718/mo

Median Rent

15% above national median

7.22%

Rent-to-Price Ratio

Top 18% nationally

-$381

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$285,707

Down Payment (20%)$57,141

Loan Amount$228,566

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,718

Monthly P&I-$1,498

Est. Expenses (35%)-$601

Net Cash Flow-$381/mo

4.7%

Cap Rate (all cash)

-7.0%

Cash-on-Cash Return

7.22%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

63/100

Cash Flow(30%)

72/100

Based on 7.22% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

59/100

Based on 0.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

72/100

Price-to-income ratio of 3.9x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.22%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$381/mo)
-Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Economic Indicators

Population

64,840

Median Income

$73,378

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.9x

Moderately affordable

Compare to Nearby Counties

County					Verdict
CumberlandNJ	66	$268,279	$1,718	7.68%	Buy	View
SussexNJ	66	$433,403	$2,344	6.49%	Buy	View
BurlingtonNJ	64	$409,401	$2,210	6.48%	Buy	View
AtlanticNJ	64	$369,150	$2,109	6.86%	Buy	View
CurrentSalemNJ	63	$285,707	$1,718	7.22%	Buy
WarrenNJ	61	$410,388	$2,012	5.88%	Buy	View

The Bottom Line

BuySalem offers solid investment potential with good cash flow or appreciation prospects.

Salem County in New Jersey scores 63/100, ranking #378 of 1,000 US counties (top 38%). The 7.22% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-381/mo

Cap Rate

4.7%

Cash-on-Cash

-7.0%

Ready to Analyze a Deal in Salem?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$285,707

Down Payment (20%)$57,141

Loan Amount$228,566

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,718

Monthly P&I-$1,498

Est. Expenses (35%)-$601

Net Cash Flow-$381/mo

4.7%

Cap Rate (all cash)

-7.0%

Cash-on-Cash Return

7.22%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

63/100

Cash Flow(30%)

72/100

Based on 7.22% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

59/100

Based on 0.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

72/100

Price-to-income ratio of 3.9x. Lower ratios indicate more affordable markets.

County

Verdict

CumberlandNJ

$268,279

$1,718

7.68%

Buy

View

SussexNJ

$433,403

$2,344

6.49%

Buy

View

BurlingtonNJ

$409,401

$2,210

6.48%

Buy

View

AtlanticNJ

$369,150

$2,109

6.86%

Buy

View

CurrentSalemNJ

$285,707

$1,718

7.22%

Buy

WarrenNJ

$410,388

$2,012

5.88%

Buy

View

The Bottom Line

BuySalem offers solid investment potential with good cash flow or appreciation prospects.

Monthly Cash Flow

$-381/mo

Cap Rate

4.7%

Cash-on-Cash

-7.0%