Real Estate Investing in Plainfield, New Jersey (07060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07060 (Plainfield, 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.
- Higher unemployment: 7.3% unemployment — tenant risk signal.
What’s happening in Plainfield, NJ (07060)?
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Market Analysis: 07060 Plainfield
The 07060 ZIP in Plainfield, NJ is a local-operator market. Outside capital chasing a $533K entry has to pair deep knowledge with the discount.
Rent of $2,078/mo on a $533K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07060 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Plainfield have seen price recovery that 07060 has not matched. Union County data supports the view that the spread is structural rather than temporary.
Employment concentration in 07060 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. notable returns are possible in 07060, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Plainfield:
Property Strategy for 07060
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $387,205 | $2,260 | 4.2% | +10.1% | $193,603 |
| 3BR | $500,563 | $2,790 | 4.0% | +10.7% | $166,854 |
| 4BR | $567,802 | $3,140 | 4.0% | +10.0% | $141,951 |
| 5BR | $691,248 | — | — | +9.9% | $138,250 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07060 Compare?
| Metric | 07060 | Plainfield | New Jersey |
|---|---|---|---|
| Home Value | $533,396 | $510,957 | $559,826 |
| 5-Year CAGR | 7.4% | 7.3% | 8.4% |
| Avg Rent | $2,078 | $2,138 | - |
| Cap Rate | 3.0% | 3.3% | - |
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 07060 (Plainfield, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Union County
Manage rentals here? List your business →Corner Property Management is a property management company serving New Jersey and Pennsylvania. 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 | $533,396 |
| Monthly Rent | $2,078 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 07060
Population: 47,560
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 07060
Schools in This ZIP Code
About Repit School Scores
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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
Does Plainfield, NJ favor landlords or tenants?
Landlord-friendliness in Plainfield, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How does Plainfield, NJ rate as a rental market?
The 3.0/5 investability rating in Plainfield, NJ reflects its $533K prices and $2,078/mo rents. Investors generally consider it a solid option within NJ.
What are home prices like in Plainfield, NJ?
Plainfield, NJ home values average about $533K. That price point suits investors targeting rentals with $2,078/mo in monthly income.
Does a duplex house hack pencil in Plainfield, NJ?
House hacking in Plainfield, NJ is a challenging. With home values around $533K and rents at $2,078/mo, owner-occupants can offset a meaningful share of PITI.
Are tenants stable in Plainfield, NJ?
Plainfield, NJ offers a measured renter base at the $2,078/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 07060 now. You don’t know where it ranks.
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How 07060 ranks in New York-Newark-Jersey City, NY-NJ-PA
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