Real Estate Investing in Plainfield, New Jersey (07062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07062 (Plainfield, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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: 7.9% unemployment — tenant risk signal.
What’s happening in Plainfield, NJ (07062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07062 Plainfield
The 07062 ZIP in Plainfield, NJ is a local-operator market. Outside capital chasing a $503K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $503K asset, 07062 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 07062 sits on the difficult end of the NJ spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 07062 includes headwinds that any investor should price in. Income distribution skews lower than Plainfield averages, and tenant stability requires active management.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Plainfield:
Property Strategy for 07062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $403,789 | $2,340 | 4.2% | +13.6% | $201,895 |
| 3BR | $491,491 | $2,920 | 4.3% | +10.3% | $163,830 |
| 4BR | $543,450 | $3,310 | 4.4% | +10.6% | $135,863 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07062 Compare?
| Metric | 07062 | Plainfield | New Jersey |
|---|---|---|---|
| Home Value | $502,841 | $510,957 | $559,826 |
| 5-Year CAGR | 7.5% | 7.3% | 8.4% |
| Avg Rent | $2,204 | $2,138 | - |
| Cap Rate | 3.4% | 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 07062 (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 | $502,841 |
| Monthly Rent | $2,204 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +11.1% ▲ |
🏠 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 (3.4%). 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 07062
Population: 15,018
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 07062
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bayberry School
East End School
Evergreen Elementary School
Evergreen Elementary School
Jefferson 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
Investor Insight: With 1,064 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Plainfield, NJ?
Investors in Plainfield, NJ typically see rents near $2,204/mo per month against $503K home values - a solid setup for rental cash flow.
How tight is the rental market in Plainfield, NJ?
Plainfield, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
Is Plainfield, NJ a smart market for rental property?
Yes - Plainfield, NJ a 3.0/5 investability score. With $503K home prices against $2,204/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the best play in Plainfield, NJ?
The best-fit strategy in Plainfield, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the renter demographic in Plainfield, NJ?
The renter base in Plainfield, NJ is reasonable for the $2,204/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 07062 now. You don’t know where it ranks.
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How 07062 ranks in New York-Newark-Jersey City, NY-NJ-PA
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