Real Estate Investing in Irvington, New Jersey (07111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07111 (Irvington, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Irvington, NJ (07111)?
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Market Analysis: 07111 Irvington
The 07111 ZIP in Irvington, NJ is a local-operator market. Outside capital chasing a $423K entry has to pair deep knowledge with the discount.
The investment case in 07111 is significant only for operators who understand what they are buying. A $423K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 07111 sits on the difficult end of the NJ spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 07111 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 07111 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Irvington:
Property Strategy for 07111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $351,430 | $1,940 | 4.0% | +9.1% | $175,715 |
| 3BR | $422,598 | $2,430 | 4.1% | +10.5% | $140,866 |
| 4BR | $460,833 | $2,760 | 4.3% | +10.4% | $115,208 |
| 5BR | $525,852 | — | — | +11.3% | $105,170 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07111 Compare?
| Metric | 07111 | Irvington | New Jersey |
|---|---|---|---|
| Home Value | $423,394 | $423,394 | $559,826 |
| 5-Year CAGR | 6.7% | 6.7% | 8.4% |
| Avg Rent | $1,998 | $1,998 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 07111 (Irvington, 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 | $423,394 |
| Monthly Rent | $1,998 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +11.8% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 07111
Population: 60,334
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 07111
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
What are home prices like in Irvington, NJ?
The median home value in Irvington, NJ is roughly $423K. That puts it reasonable relative to the NJ statewide average.
What is the average monthly rent in Irvington, NJ?
Expect rents around $1,998/mo per month in Irvington, NJ. With home values at $423K, the yield math works out to reasonable levels for rental investors.
How strict are landlord regulations in Irvington, NJ?
Rental owners in Irvington, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How viable is house hacking in Irvington, NJ?
The house hack math a challenging in Irvington, NJ. Owner-occupant buyers benefit from the $1,998/mo rents and $423K home values.
How deep is the rental pool in Irvington, NJ?
The tenant pool in Irvington, NJ is solid, supported by local employment and population fundamentals. Rents of $1,998/mo are well-absorbed by the market.
You know 07111 now. You don’t know where it ranks.
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How 07111 ranks in New York-Newark-Jersey City, NY-NJ-PA
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