Real Estate Investing in Bayonne, New Jersey (07002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07002 (Bayonne, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Bayonne, NJ (07002)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07002 Bayonne
ZIP 07002 inside Hudson County looks affordable on the surface — median value of $600K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 07002 can be a an appealing option for hunting ground — but the discount at $600K reflects genuine risk that outside investors often underestimate.
The gap between 07002 and stronger Bayonne ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 07002 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 07002 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bayonne:
Property Strategy for 07002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $303,644 | $2,160 | 5.1% | +7.9% | $303,644 |
| 2BR | $453,590 | $2,430 | 3.9% | +4.1% | $226,795 |
| 3BR | $567,328 | $2,960 | 3.8% | +6.5% | $189,109 |
| 4BR | $639,505 | $3,480 | 3.9% | +7.4% | $159,876 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07002 Compare?
| Metric | 07002 | Bayonne | New Jersey |
|---|---|---|---|
| Home Value | $600,003 | $600,003 | $559,826 |
| 5-Year CAGR | 5.5% | 5.5% | 8.4% |
| Avg Rent | $2,385 | $2,385 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07002 (Bayonne, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $600,003 |
| Monthly Rent | $2,385 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07002
Population: 70,468
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07002
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,457 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Bayonne, NJ?
Average rent in Bayonne, NJ is approximately $2,385/mo per month. Against $600K home values that yields a reasonable rent-to-price ratio.
What is the tenant pool like in Bayonne, NJ?
The renter base in Bayonne, NJ is reasonable for the $2,385/mo price point. Screening well and pricing to market typically yields steady tenants.
How much does a house cost in Bayonne, NJ?
Expect median prices around $600K in Bayonne, NJ. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What approach is best for Bayonne, NJ real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Bayonne, NJ. With home values at $600K and rents near $2,385/mo, other strategies can work but produce consistent rather than outsized returns.
What is it like being a landlord in Bayonne, NJ?
For rental operators, Bayonne, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 07002 now. You don’t know where it ranks.
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How 07002 ranks in New York-Newark-Jersey City, NY-NJ-PA
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