Real Estate Investing in Passaic, New Jersey (07055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07055 (Passaic, 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.
- Elevated poverty: 20.4% poverty rate — can affect rent collection.
- Higher unemployment: 7.9% unemployment — tenant risk signal.
What’s happening in Passaic, NJ (07055)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07055 Passaic
Investors eyeing 07055 need to respect the fundamentals at play. Home values of $561K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 07055 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Stepping back, 07055 offers a low basis, the region around Passaic has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 07055 ZIP's population of 69,651 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The right play in 07055 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 Passaic:
Property Strategy for 07055
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $360,322 | $1,890 | 3.8% | +7.9% | $180,161 |
| 3BR | $545,227 | $2,310 | 3.1% | +9.2% | $181,742 |
| 4BR | $617,234 | $2,940 | 3.4% | +8.6% | $154,308 |
| 5BR | $748,868 | — | — | +8.7% | $149,774 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07055 Compare?
| Metric | 07055 | Passaic | New Jersey |
|---|---|---|---|
| Home Value | $560,973 | $560,973 | $559,826 |
| 5-Year CAGR | 6.2% | 6.2% | 8.4% |
| Avg Rent | $2,077 | $2,077 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 07055 (Passaic, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07055 (Passaic, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $560,973 |
| Monthly Rent | $2,077 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 07055
Population: 69,651
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 07055
Schools in This ZIP Code
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
Are tenants stable in Passaic, NJ?
Passaic, NJ draws a steady base of working renters. Demand at the $2,077/mo rent level is reasonable for standard single-family and small multi rentals.
Is Passaic, NJ better for rentals, flips, or BRRRR?
For Passaic, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Where do home prices stand in Passaic, NJ?
Passaic, NJ home values average about $561K. That price point suits investors targeting rentals with $2,077/mo in monthly income.
How do landlord-tenant laws work in Passaic, NJ?
NJ law tenant-protective for landlords, and Passaic inherits those rules. Investors should still review local ordinances for rental licensing.
How tight is the rental market in Passaic, NJ?
Vacancy risk in Passaic, NJ is elevated. That supports steady cash flow for typical rental holds.
You know 07055 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07055 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 07055 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 07055 (Passaic)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07055 (Passaic, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.