Real Estate Investing in Cranford, New Jersey (07016)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07016 (Cranford, 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 Cranford, NJ (07016)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07016 Cranford
ZIP 07016 inside Union County looks affordable on the surface — median value of $786K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 07016 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 07016 sits on the difficult end of the NJ spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 07016 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cranford:
Property Strategy for 07016
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $323,434 | $2,310 | 5.1% | +6.0% | $323,434 |
| 2BR | $463,085 | $2,790 | 4.3% | +4.9% | $231,542 |
| 3BR | $735,409 | $3,490 | 3.4% | +7.5% | $245,136 |
| 4BR | $874,326 | $3,970 | 3.3% | +8.0% | $218,581 |
| 5BR | $1,100,701 | — | — | +8.0% | $220,140 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07016 Compare?
| Metric | 07016 | Cranford | New Jersey |
|---|---|---|---|
| Home Value | $786,111 | $786,111 | $559,826 |
| 5-Year CAGR | 5.2% | 5.2% | 8.4% |
| Avg Rent | $2,917 | $2,917 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 07016 (Cranford, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Union County
Manage rentals here? List your business →Corner Property Management is a property management company serving New Jersey and Pennsylvania. 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 | $786,111 |
| Monthly Rent | $2,917 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 07016
Population: 23,841
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 07016
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Arthur L. Johnson High School
Carl H. Kumpf School
David Brearley Middle/High School
Harrison Elementary School
Leonard V Moore Middle 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 3,066 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Cranford, NJ?
Cranford, NJ offers a predictable renter base at the $2,917/mo rent level. Tenant turnover is reasonable for well-managed properties.
What approach is best for Cranford, NJ real estate?
In Cranford, NJ the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $786K prices and $2,917/mo rents suits that approach.
Is housing expensive in Cranford, NJ?
Homes in Cranford, NJ typically sell near $786K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
What does house hacking look like in Cranford, NJ?
Cranford, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,917/mo rent level.
Is Cranford in NJ worth investing in?
The 3.0/5 investability rating in Cranford, NJ reflects its $786K prices and $2,917/mo rents. Investors generally consider it a solid option within NJ.
You know 07016 now. You don’t know where it ranks.
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How 07016 ranks in New York-Newark-Jersey City, NY-NJ-PA
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