Real Estate Investing in Scotch Plains, New Jersey (07076)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07076 (Scotch Plains, NJ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
- High price-to-rent: Price-to-rent ratio 26.7 — hard to cash-flow at these prices.
What’s happening in Scotch Plains, NJ (07076)?
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Market Analysis: 07076 Scotch Plains
ZIP 07076 in Scotch Plains, NJ carries a solid set of headwinds. Home values near $856K and rents of $2,673/mo sit inside a market where underwriting has to be tight.
The 07076 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 the broader NJ picture, 07076 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 07076 includes headwinds that any investor should price in. Income distribution skews lower than Scotch Plains averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 07076, 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 Scotch Plains:
Property Strategy for 07076
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $540,664 | $2,540 | 3.4% | +8.4% | $270,332 |
| 3BR | $722,308 | $3,180 | 3.2% | +8.2% | $240,769 |
| 4BR | $966,917 | $3,610 | 2.7% | +9.2% | $241,729 |
| 5BR | $1,359,530 | — | — | +9.3% | $271,906 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07076 Compare?
| Metric | 07076 | Scotch Plains | New Jersey |
|---|---|---|---|
| Home Value | $856,113 | $856,113 | $559,826 |
| 5-Year CAGR | 7.1% | 7.1% | 8.4% |
| Avg Rent | $2,673 | $2,673 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 07076 (Scotch Plains, 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 | $856,113 |
| Monthly Rent | $2,673 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (2.4%). 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 07076
Population: 24,667
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 07076
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 1,064 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Scotch Plains, NJ?
Scotch Plains, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
Are tenants stable in Scotch Plains, NJ?
The renter base in Scotch Plains, NJ is reasonable for the $2,673/mo price point. Screening well and pricing to market typically yields consistent tenants.
How does Scotch Plains, NJ stack up for property investment?
Scotch Plains, NJ rates 3.0/5 for investability. With median values at $856K and rents near $2,673/mo, the market offers reasonable fundamentals for rental investors.
Is housing expensive in Scotch Plains, NJ?
Homes in Scotch Plains, NJ typically sell near $856K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What is the average monthly rent in Scotch Plains, NJ?
Average rent in Scotch Plains, NJ is approximately $2,673/mo per month. Against $856K home values that yields a reasonable rent-to-price ratio.
You know 07076 now. You don’t know where it ranks.
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How 07076 ranks in New York-Newark-Jersey City, NY-NJ-PA
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