Real Estate Investing in Garwood, New Jersey (07027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07027 (Garwood, 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 25.4 — hard to cash-flow at these prices.
What’s happening in Garwood, NJ (07027)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07027 Garwood
This part of Union County is not an easy win. The 07027 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $2,325/mo on a $707K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07027 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 07027 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 07027 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 07027 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 Garwood:
Property Strategy for 07027
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $660,283 | $2,880 | 3.1% | +8.7% | $220,094 |
| 4BR | $725,133 | $3,270 | 3.2% | +8.3% | $181,283 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07027 Compare?
| Metric | 07027 | Garwood | New Jersey |
|---|---|---|---|
| Home Value | $707,231 | $707,231 | $559,826 |
| 5-Year CAGR | 7.1% | 7.1% | 8.4% |
| Avg Rent | $2,325 | $2,325 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 07027 (Garwood, 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 | $707,231 |
| Monthly Rent | $2,325 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.6%). 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 07027
Population: 4,688
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 07027
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
Deerfield Elementary School
Evergreen 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 3,066 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can I house hack in Garwood, NJ?
House hacking in Garwood, NJ is a challenging. With home values around $707K and rents at $2,325/mo, owner-occupants can offset a meaningful share of PITI.
What kind of tenants rent in Garwood, NJ?
The renter base in Garwood, NJ is reasonable for the $2,325/mo price point. Screening well and pricing to market typically yields steady tenants.
What investment strategy works best in Garwood, NJ?
Investors usually favor careful cash-flow rentals with hands-on management in Garwood, NJ. With home values at $707K and rents near $2,325/mo, other strategies can work but produce predictable rather than outsized returns.
Should investors consider Garwood, NJ?
Garwood, NJ clocks in at an investability rating of 3.0/5, with median home values near $707K and average rents around $2,325/mo. That combination puts it in the significant tier for investor interest.
What price range are homes in Garwood, NJ?
In Garwood, NJ the median home value sits at $707K. Against the broader NJ market, that reads as reasonable for most investors.
You know 07027 now. You don’t know where it ranks.
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How 07027 ranks in New York-Newark-Jersey City, NY-NJ-PA
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