Real Estate Investing in Glen Ridge, New Jersey (07028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07028 (Glen Ridge, NJ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 28.4 — hard to cash-flow at these prices.
What’s happening in Glen Ridge, NJ (07028)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07028 Glen Ridge
ZIP 07028 inside Essex County looks affordable on the surface — median value of $1.2M — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $3,500/mo on a $1.2M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07028 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 07028 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 07028 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to 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 Glen Ridge:
Property Strategy for 07028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $881,238 | $3,670 | 3.0% | +6.9% | $293,746 |
| 4BR | $1,117,766 | $4,170 | 2.7% | +8.2% | $279,442 |
| 5BR | $1,625,634 | — | — | +10.1% | $325,127 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07028 Compare?
| Metric | 07028 | Glen Ridge | New Jersey |
|---|---|---|---|
| Home Value | $1,194,061 | $1,194,061 | $559,826 |
| 5-Year CAGR | 7.2% | 7.2% | 8.4% |
| Avg Rent | $3,500 | $3,500 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 07028 (Glen Ridge, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07028 (Glen Ridge, NJ)?
~25 seconds · no account needed · your report is anonymous
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 | $1,194,061 |
| Monthly Rent | $3,500 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (2.3%). 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 07028
Population: 8,002
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 07028
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Belleville Middle School
Berkeley Elementary School
Bradford Elementary School
Brookdale Elementary School
Buzz Aldrin 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
Frequently Asked Questions
How much rent can I charge in Glen Ridge, NJ?
Rents in Glen Ridge, NJ run near $3,500/mo. Compared with median home prices of $1.2M that produces solid gross yields for typical rentals.
How strict are landlord regulations in Glen Ridge, NJ?
Glen Ridge, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is Glen Ridge, NJ a good place for real estate investing?
Glen Ridge, NJ records an investability rating of 3.0/5, with median home values near $1.2M and average rents around $3,500/mo. That combination puts it in the solid tier for investor interest.
What real estate strategy is ideal for Glen Ridge, NJ?
Glen Ridge, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.2M prices, $3,500/mo rents) make it a reasonable choice.
What does house hacking look like in Glen Ridge, NJ?
The a tougher house-hack environment in Glen Ridge, NJ reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 07028 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07028 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 07028 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07028 (Glen Ridge)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07028 (Glen Ridge, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.