Real Estate Investing in South Orange, New Jersey (07079)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07079 (South Orange, 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.
- High price-to-rent: Price-to-rent ratio 30.5 — hard to cash-flow at these prices.
What’s happening in South Orange, NJ (07079)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07079 South Orange
The 07079 ZIP covers a section of South Orange that demands careful diligence. Prices near $1.1M look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 07079 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 07079 offers a low basis, the region around South Orange has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 35% in 07079 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. robust returns are possible in 07079, 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 South Orange:
Property Strategy for 07079
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $517,583 | $3,110 | 4.3% | +5.6% | $258,791 |
| 3BR | $853,991 | $3,890 | 3.3% | +8.9% | $284,664 |
| 4BR | $1,106,735 | $4,420 | 2.9% | +10.2% | $276,684 |
| 5BR | $1,417,906 | — | — | +12.5% | $283,581 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07079 Compare?
| Metric | 07079 | South Orange | New Jersey |
|---|---|---|---|
| Home Value | $1,087,816 | $1,087,816 | $559,826 |
| 5-Year CAGR | 7.9% | 7.9% | 8.4% |
| Avg Rent | $2,977 | $2,977 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 07079 (South Orange, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →Associa Community Management Corporation of New Jersey is an HOA property management company serving Northern and Central New Jersey. 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 | $1,087,816 |
| Monthly Rent | $2,977 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.6% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 07079
Population: 18,369
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 07079
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Berkeley Terrace Elementary School
Cleveland Street Elementary School
Clinton Elementary School
Delia Bolden Elementary School
Edison Middle 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 1,663 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in South Orange, NJ?
Rental rates in South Orange, NJ average $2,977/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.
Are eviction rules reasonable in South Orange, NJ?
For rental operators, South Orange, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Does South Orange, NJ make sense for an investment property?
The 3.0/5 investability rating in South Orange, NJ reflects its $1.1M prices and $2,977/mo rents. Investors generally consider it a solid option within NJ.
What kind of vacancy should I budget for in South Orange, NJ?
South Orange, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in South Orange, NJ?
The house hack math a tougher in South Orange, NJ. Owner-occupant buyers benefit from the $2,977/mo rents and $1.1M home values.
You know 07079 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07079 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 07079 ranks in New York-Newark-Jersey City, NY-NJ-PA
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