Real Estate Investing in Wallington, New Jersey (07057)
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Should you buy in 07057 (Wallington, 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 Wallington, NJ (07057)?
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Market Analysis: 07057 Wallington
The 07057 ZIP in Wallington, NJ is a local-operator market. Outside capital chasing a $696K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 07057 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 07057 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 66% in 07057 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 07057 is an operator game, not a passive one. On the rental side, entry prices of $696K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wallington:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07057 Compare?
| Metric | 07057 | Wallington | New Jersey |
|---|---|---|---|
| Home Value | $695,631 | $695,631 | $559,826 |
| 5-Year CAGR | 5.4% | 5.4% | 8.4% |
| Avg Rent | $2,358 | $2,358 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07057 (Wallington, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. 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 | $695,631 |
| Monthly Rent | $2,358 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.6%). 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 07057
Population: 11,825
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 07057
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School #6
Bergen County Technical High School - Teterboro
Christopher Columbus School #8
Ellen Ochoa School Number 22
Etta Gero School No. 9
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
Is Wallington, NJ suited for a house hack?
For house hackers, Wallington, NJ is a challenging. The $2,358/mo rent on a unit helps defray the mortgage on a $696K property.
What is it like being a landlord in Wallington, NJ?
NJ ranks as a tenant-protective state for landlord-tenant law. Wallington generally follows the statewide framework, so landlords face reasonable operating rules.
How much should I expect to pay for a home in Wallington, NJ?
Typical homes in Wallington, NJ go for around $696K. The 5-year CAGR of 0.0% predictable price movement.
Where do rents currently stand in Wallington, NJ?
Investors in Wallington, NJ typically see rents near $2,358/mo per month against $696K home values - a solid setup for rental cash flow.
Is real estate in Wallington, NJ a good investment right now?
Wallington, NJ rates 3.0/5 for investability. With median values at $696K and rents near $2,358/mo, the market offers reasonable fundamentals for rental investors.
You know 07057 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07057 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 07057 ranks in New York-Newark-Jersey City, NY-NJ-PA
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