Real Estate Investing in Montville, New Jersey (07045)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07045 (Montville, 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 26.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Montville, NJ (07045)?
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Market Analysis: 07045 Montville
The 07045 ZIP covers a section of Montville that demands careful diligence. Prices near $833K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 07045 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 07045 and stronger Montville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 07045 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 07045 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 Montville:
Property Strategy for 07045
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $586,518 | $2,890 | 3.5% | +7.7% | $293,259 |
| 3BR | $742,953 | $3,640 | 3.5% | +7.9% | $247,651 |
| 4BR | $952,923 | $4,140 | 3.1% | +7.8% | $238,231 |
| 5BR | $1,260,330 | — | — | +8.5% | $252,066 |
Market Trends
Home Value History (with trend line)
📊 How Does 07045 Compare?
| Metric | 07045 | Montville | New Jersey |
|---|---|---|---|
| Home Value | $833,261 | $833,261 | $559,826 |
| 5-Year CAGR | 5.7% | 5.7% | 8.4% |
| Avg Rent | $2,601 | $2,601 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 07045 (Montville, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07045 (Montville, NJ)?
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Property managers serving Morris County
Manage rentals here? List your business →Denali Property Management New Jersey specializes in condo management. summary from their website
PMI Prime Property Services offers residential, association, and commercial property management in Northern New Jersey, including marketing, tenant screening, and maintenance. summary from their website
Alliance Property Management LLC provides property management services. 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 | $833,261 |
| Monthly Rent | $2,601 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (2.4%). 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 07045
Population: 10,206
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 07045
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Boonton High School
Cedar Hill School
John Hill School
Rockaway Valley School
Intervale 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
Frequently Asked Questions
What price range are homes in Montville, NJ?
Typical homes in Montville, NJ go for around $833K. The 5-year CAGR of 0.0% even-keeled price movement.
Is Montville, NJ a good market for buy-and-hold investors?
With a 3.0/5 investability score, Montville, NJ ranks as a solid market for rental property investors. Median prices of $833K and rents of $2,601/mo drive the underlying numbers.
Can I live-in-and-rent in Montville, NJ?
House hacking works a challenging in Montville, NJ. Rents of $2,601/mo against $833K acquisition make the strategy solid for owner-occupants.
How do landlord-tenant laws work in Montville, NJ?
Montville, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the rental occupancy rate in Montville, NJ?
Montville, NJ carries elevated vacancy risk. Expect steady absorption at market rents of $2,601/mo.
You know 07045 now. You don’t know where it ranks.
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How 07045 ranks in New York-Newark-Jersey City, NY-NJ-PA
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