Real Estate Investing in North Bergen Township, New Jersey (07047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07047 (North Bergen Township, 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.
What’s happening in North Bergen Township, NJ (07047)?
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Market Analysis: 07047 North Bergen Township
ZIP 07047 inside Hudson County looks affordable on the surface — median value of $594K — but the discount exists for reasons that a careful buyer should understand before committing.
The 07047 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In practical terms, 07047 offers a low basis, the region around North Bergen Township has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 07047 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.
Experienced landlords with local relationships tend to find 07047 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in North Bergen Township:
Property Strategy for 07047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $290,381 | $2,640 | 6.5% | +6.1% | $290,381 |
| 2BR | $516,204 | $2,970 | 4.1% | +5.1% | $258,102 |
| 3BR | $641,433 | $3,620 | 4.1% | +6.9% | $213,811 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07047 Compare?
| Metric | 07047 | North Bergen Township | New Jersey |
|---|---|---|---|
| Home Value | $594,171 | $594,171 | $559,826 |
| 5-Year CAGR | 4.3% | 4.3% | 8.4% |
| Avg Rent | $2,894 | $2,894 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 07047 (North Bergen Township, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $594,171 |
| Monthly Rent | $2,894 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 07047
Population: 61,202
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 07047
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Carlstadt Public School
Clarendon School
Daniel Webster School
Eugenio Maria de Hostos Center for Early Childhood Education
Hudson 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 is the typical vacancy rate in North Bergen Township, NJ?
Occupancy in North Bergen Township, NJ runs predictable with elevated vacancy. Well-priced units at $2,894/mo lease on reasonable timelines.
How viable is house hacking in North Bergen Township, NJ?
The house hack math a challenging in North Bergen Township, NJ. Owner-occupant buyers benefit from the $2,894/mo rents and $594K home values.
Is North Bergen Township, NJ better for rentals, flips, or BRRRR?
North Bergen Township, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($594K prices, $2,894/mo rents) make it a reasonable choice.
What are home prices like in North Bergen Township, NJ?
The median home value in North Bergen Township, NJ is roughly $594K. That puts it reasonable relative to the NJ statewide average.
Is North Bergen Township, NJ a good place for real estate investing?
Yes - North Bergen Township, NJ a 3.0/5 investability score. With $594K home prices against $2,894/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 07047 now. You don’t know where it ranks.
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How 07047 ranks in New York-Newark-Jersey City, NY-NJ-PA
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