Real Estate Investing in Montclair, New Jersey (07043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07043 (Montclair, 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 28.4 — hard to cash-flow at these prices.
What’s happening in Montclair, NJ (07043)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07043 Montclair
The 07043 ZIP in Montclair, NJ is a local-operator market. Outside capital chasing a $1.4M entry has to pair deep knowledge with the discount.
The 07043 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 07043 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 13,502 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 07043 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Montclair:
Property Strategy for 07043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $383,319 | $2,740 | 5.1% | +2.3% | $383,319 |
| 3BR | $1,067,438 | $4,130 | 2.8% | +9.9% | $355,813 |
| 4BR | $1,340,286 | $4,730 | 2.5% | +10.9% | $335,071 |
| 5BR | $1,779,570 | — | — | +12.8% | $355,914 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07043 Compare?
| Metric | 07043 | Montclair | New Jersey |
|---|---|---|---|
| Home Value | $1,427,857 | $1,194,509 | $559,826 |
| 5-Year CAGR | 9.4% | 7.9% | 8.4% |
| Avg Rent | $4,193 | $3,572 | - |
| 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 07043 (Montclair, 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 | $1,427,857 |
| Monthly Rent | $4,193 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +10.1% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 07043
Population: 13,502
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 07043
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Beatrice Gilmore 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
Investor Insight: With 3,024 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 Montclair, NJ?
Rents in Montclair, NJ run near $4,193/mo. Compared with median home prices of $1.4M that produces solid gross yields for typical rentals.
What is the tenant pool like in Montclair, NJ?
The tenant pool in Montclair, NJ is solid, supported by local employment and population fundamentals. Rents of $4,193/mo are well-absorbed by the market.
What is the typical vacancy rate in Montclair, NJ?
Montclair, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Montclair, NJ?
Landlord-friendliness in Montclair, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong is Montclair, NJ for real estate investors?
Montclair, NJ rates 3.0/5 for investability. With median values at $1.4M and rents near $4,193/mo, the market offers reasonable fundamentals for rental investors.
You know 07043 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07043 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 07043 ranks in New York-Newark-Jersey City, NY-NJ-PA
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