Real Estate Investing in Jersey City, New Jersey (07307)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07307 (Jersey City, 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: 8.3% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Jersey City, NJ (07307)?
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Market Analysis: 07307 Jersey City
In practical terms, ZIP 07307 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $774K median. It rewards specialists, not generalists.
From an investor standpoint, the numbers look inviting — $774K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07307 is substantial and deserves full respect.
In the broader NJ picture, 07307 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 42,242 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 07307 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Jersey City:
Property Strategy for 07307
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $395,639 | $2,420 | 4.4% | +4.4% | $395,639 |
| 2BR | $591,810 | $2,720 | 3.3% | +4.7% | $295,905 |
| 3BR | $841,337 | $3,310 | 2.8% | +5.8% | $280,446 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07307 Compare?
| Metric | 07307 | Jersey City | New Jersey |
|---|---|---|---|
| Home Value | $774,466 | $393,255 | $559,826 |
| 5-Year CAGR | 4.9% | 3.0% | 8.4% |
| Avg Rent | $2,642 | $3,119 | - |
| Cap Rate | 2.7% | 3.4% | - |
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 07307 (Jersey City, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $774,466 |
| Monthly Rent | $2,642 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +8.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 07307
Population: 42,242
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 07307
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chaplain Charles Watters School
Clarendon School
Daniel Webster School
Dr. Charles P. DeFuccio School
Dr. Paul Rafalides 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 1,951 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Jersey City, NJ?
Jersey City, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
What is the best play in Jersey City, NJ?
Jersey City, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($774K prices, $2,642/mo rents) make it a reasonable choice.
Does Jersey City, NJ make sense for an investment property?
The 3.0/5 investability rating in Jersey City, NJ reflects its $774K prices and $2,642/mo rents. Investors generally consider it a solid option within NJ.
Does house hacking work in Jersey City, NJ?
House hacking works a challenging in Jersey City, NJ. Rents of $2,642/mo against $774K acquisition make the strategy solid for owner-occupants.
How much do tenants pay in Jersey City, NJ?
Expect rents around $2,642/mo per month in Jersey City, NJ. With home values at $774K, the yield math works out to reasonable levels for rental investors.
You know 07307 now. You don’t know where it ranks.
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How 07307 ranks in New York-Newark-Jersey City, NY-NJ-PA
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