Real Estate Investing in West Caldwell, New Jersey (07006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07006 (West Caldwell, 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.
- High price-to-rent: Price-to-rent ratio 25.7 — hard to cash-flow at these prices.
What’s happening in West Caldwell, NJ (07006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07006 West Caldwell
ZIP 07006 in West Caldwell, NJ carries a sturdy set of headwinds. Home values near $862K and rents of $2,794/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $862K asset, 07006 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in West Caldwell have seen price recovery that 07006 has not matched. Essex County data supports the view that the spread is structural rather than temporary.
The demographic picture in 07006 includes headwinds that any investor should price in. Income distribution skews lower than West Caldwell averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 07006, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in West Caldwell:
Property Strategy for 07006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $554,282 | $2,670 | 3.5% | +6.7% | $277,141 |
| 3BR | $744,046 | $3,340 | 3.2% | +7.5% | $248,015 |
| 4BR | $927,545 | $3,800 | 2.9% | +8.6% | $231,886 |
| 5BR | $1,240,487 | — | — | +9.4% | $248,097 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07006 Compare?
| Metric | 07006 | West Caldwell | New Jersey |
|---|---|---|---|
| Home Value | $861,915 | $861,915 | $559,826 |
| 5-Year CAGR | 6.5% | 6.5% | 8.4% |
| Avg Rent | $2,794 | $2,794 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 07006 (West Caldwell, 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 | $861,915 |
| Monthly Rent | $2,794 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +22.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 07006
Population: 26,417
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 07006
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 3,024 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for West Caldwell, NJ real estate?
In West Caldwell, NJ the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $862K prices and $2,794/mo rents suits that approach.
How do landlord-tenant laws work in West Caldwell, NJ?
West Caldwell, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Is West Caldwell, NJ a good place for real estate investing?
West Caldwell, NJ rates 3.0/5 for investability. With median values at $862K and rents near $2,794/mo, the market offers reasonable fundamentals for rental investors.
Are tenants stable in West Caldwell, NJ?
The renter base in West Caldwell, NJ is reasonable for the $2,794/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What monthly rent should investors expect in West Caldwell, NJ?
Rent in West Caldwell, NJ is around $2,794/mo. The resulting rent-to-value relationship with $862K pricing is reasonable for most investor models.
You know 07006 now. You don’t know where it ranks.
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How 07006 ranks in New York-Newark-Jersey City, NY-NJ-PA
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