Real Estate Investing in Kinnelon, New Jersey (07405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07405 (Kinnelon, 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 27.8 — hard to cash-flow at these prices.
What’s happening in Kinnelon, NJ (07405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07405 Kinnelon
ZIP 07405 inside Morris County looks affordable on the surface — median value of $699K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,100/mo on a $699K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07405 sits below the stated 0.0% once reality is priced in.
In the broader NJ picture, 07405 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 07405 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Kinnelon:
Property Strategy for 07405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $441,601 | $2,200 | 3.6% | +8.1% | $220,801 |
| 3BR | $612,251 | $2,750 | 3.2% | +8.7% | $204,084 |
| 4BR | $814,316 | $3,130 | 2.8% | +8.4% | $203,579 |
| 5BR | $1,159,884 | — | — | +8.5% | $231,977 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07405 Compare?
| Metric | 07405 | Kinnelon | New Jersey |
|---|---|---|---|
| Home Value | $699,282 | $699,282 | $559,826 |
| 5-Year CAGR | 6.3% | 6.3% | 8.4% |
| Avg Rent | $2,100 | $2,100 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 07405 (Kinnelon, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07405 (Kinnelon, NJ)?
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Property managers serving Morris County
Manage rentals here? List your business →Denali Property Management New Jersey specializes in condo management. summary from their website
PMI Prime Property Services offers residential, association, and commercial property management in Northern New Jersey, including marketing, tenant screening, and maintenance. summary from their website
Alliance Property Management LLC provides property management services. 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 | $699,282 |
| Monthly Rent | $2,100 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.3%). 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 07405
Population: 17,859
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 07405
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
Frequently Asked Questions
What are rental rates like in Kinnelon, NJ?
Expect rents around $2,100/mo per month in Kinnelon, NJ. With home values at $699K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Kinnelon, NJ?
Tenant quality in Kinnelon, NJ ranks as solid. Landlords generally report even-keeled occupancy at market rents of $2,100/mo.
Is house hacking profitable in Kinnelon, NJ?
House hacking in Kinnelon, NJ is a challenging. With home values around $699K and rents at $2,100/mo, owner-occupants can offset a meaningful share of PITI.
Is Kinnelon, NJ landlord-friendly?
Kinnelon, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the median home value in Kinnelon, NJ?
Median home price in Kinnelon, NJ is near $699K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 07405 now. You don’t know where it ranks.
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How 07405 ranks in New York-Newark-Jersey City, NY-NJ-PA
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