Real Estate Investing in Roselle Park, New Jersey (07204)
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Should you buy in 07204 (Roselle Park, 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.
What’s happening in Roselle Park, NJ (07204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07204 Roselle Park
Investors eyeing 07204 need to respect the fundamentals at play. Home values of $553K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $553K asset, 07204 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NJ picture, 07204 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 07204 includes headwinds that any investor should price in. Income distribution skews lower than Roselle Park averages, and tenant stability requires active management.
Distressed ZIPs reward experience. healthy returns are possible in 07204, 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 Roselle Park:
Property Strategy for 07204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $390,314 | $2,050 | 3.8% | +9.7% | $195,157 |
| 3BR | $543,258 | $2,570 | 3.4% | +9.7% | $181,086 |
| 4BR | $592,217 | $2,920 | 3.6% | +9.3% | $148,054 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07204 Compare?
| Metric | 07204 | Roselle Park | New Jersey |
|---|---|---|---|
| Home Value | $553,311 | $553,311 | $559,826 |
| 5-Year CAGR | 5.7% | 5.7% | 8.4% |
| Avg Rent | $2,475 | $2,475 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 07204 (Roselle Park, 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 | $553,311 |
| Monthly Rent | $2,475 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 07204
Population: 13,965
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 07204
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School No. 14
Battle Hill Elementary
Connecticut Farms Elementary
David Brearley Middle/High School
Dr. Orlando Edreira Academy School No. 26
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 3,036 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Roselle Park, NJ a smart market for rental property?
Yes - Roselle Park, NJ a 3.0/5 investability score. With $553K home prices against $2,475/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Roselle Park, NJ suited for a house hack?
House hacking works a challenging in Roselle Park, NJ. Rents of $2,475/mo against $553K acquisition make the strategy solid for owner-occupants.
How tight is the rental market in Roselle Park, NJ?
Roselle Park, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
What is the average home sale price in Roselle Park, NJ?
Roselle Park, NJ median home values land near $553K. That is reasonable territory for investors looking at $2,475/mo-per-month rentals.
How much do tenants pay in Roselle Park, NJ?
The typical rental in Roselle Park, NJ commands about $2,475/mo monthly. That rent profile predictable cash flow against the $553K purchase basis.
You know 07204 now. You don’t know where it ranks.
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How 07204 ranks in New York-Newark-Jersey City, NY-NJ-PA
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