Real Estate Investing in Harrison, New Jersey (07029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07029 (Harrison, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 Harrison, NJ (07029)?
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Market Analysis: 07029 Harrison
In practical terms, ZIP 07029 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $584K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $584K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07029 is substantial and deserves full respect.
Nearby ZIPs in Harrison have seen price recovery that 07029 has not matched. Hudson County data supports the view that the spread is structural rather than temporary.
In practical terms, 22,128 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 07029 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Harrison:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07029 Compare?
| Metric | 07029 | Harrison | New Jersey |
|---|---|---|---|
| Home Value | $583,959 | $583,959 | $559,826 |
| 5-Year CAGR | 3.8% | 3.8% | 8.4% |
| Avg Rent | $2,616 | $2,616 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 07029 (Harrison, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $583,959 |
| Monthly Rent | $2,616 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 07029
Population: 22,128
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 07029
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
American History High School
Arts High School
Essex County Newark Tech
Garfield Elementary School
Grover Cleveland 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 3,459 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Harrison, NJ?
Expect rents around $2,616/mo per month in Harrison, NJ. With home values at $584K, the yield math works out to reasonable levels for rental investors.
Where do home prices stand in Harrison, NJ?
The median home value in Harrison, NJ is roughly $584K. That puts it reasonable relative to the NJ statewide average.
What is the typical vacancy rate in Harrison, NJ?
Vacancy in Harrison, NJ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,616/mo.
What is the tenant pool like in Harrison, NJ?
Tenant demand in Harrison, NJ is solid. The local workforce $2,616/mo rents across most rental classes.
Should investors consider Harrison, NJ?
Harrison, NJ scores 3.0/5 for investability. Home values sit at $584K and rents near $2,616/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 07029 now. You don’t know where it ranks.
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How 07029 ranks in New York-Newark-Jersey City, NY-NJ-PA
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