Real Estate Investing in Fairfield, New Jersey (07004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07004 (Fairfield, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fairfield, NJ (07004)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07004 Fairfield
The 07004 ZIP covers a section of Fairfield that demands careful diligence. Prices near $828K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 07004 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 07004's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 07004 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 07004 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fairfield:
Property Strategy for 07004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $718,843 | $4,140 | 4.1% | +7.0% | $239,614 |
| 4BR | $870,593 | $4,710 | 3.9% | +7.6% | $217,648 |
| 5BR | $1,049,325 | — | — | +7.9% | $209,865 |
Market Trends
Home Value History (with trend line)
📊 How Does 07004 Compare?
| Metric | 07004 | Fairfield | New Jersey |
|---|---|---|---|
| Home Value | $828,234 | $828,234 | $559,826 |
| 5-Year CAGR | 5.3% | 5.3% | 8.4% |
| Avg Rent | $2,979 | $2,979 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 07004 (Fairfield, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →Associa Community Management Corporation of New Jersey is an HOA property management company serving Northern and Central New Jersey. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $828,234 |
| Monthly Rent | $2,979 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 07004
Population: 7,712
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 07004
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Essex County West Caldwell Tech
Grover Cleveland Middle School
Hilldale School
James Caldwell High School
Lincoln Park Elementary School
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 5,291 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Fairfield, NJ?
The typical rental in Fairfield, NJ commands about $2,979/mo monthly. That rent profile even-keeled cash flow against the $828K purchase basis.
Are renters plentiful in Fairfield, NJ?
Fairfield, NJ draws a consistent base of working renters. Demand at the $2,979/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in Fairfield, NJ?
Vacancy risk in Fairfield, NJ is elevated. That supports predictable cash flow for typical rental holds.
What is the best play in Fairfield, NJ?
For Fairfield, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the investability score for Fairfield, NJ?
Fairfield, NJ stands at an investability rating of 3.0/5, with median home values near $828K and average rents around $2,979/mo. That combination puts it in the robust tier for investor interest.
You know 07004 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07004 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07004 ranks in New York-Newark-Jersey City, NY-NJ-PA
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