Real Estate Investing in Elmwood Park, New Jersey (07407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07407 (Elmwood 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 Elmwood Park, NJ (07407)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07407 Elmwood Park
ZIP 07407 inside Bergen County looks affordable on the surface — median value of $630K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 07407 can be a a credible choice for hunting ground — but the discount at $630K reflects genuine risk that outside investors often underestimate.
The gap between 07407 and stronger Elmwood Park ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 46% in 07407 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 07407 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Elmwood Park:
Property Strategy for 07407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $499,191 | $2,690 | 3.9% | +5.8% | $249,595 |
| 3BR | $609,262 | $3,280 | 3.9% | +7.6% | $203,087 |
| 4BR | $636,243 | $4,190 | 4.7% | +7.8% | $159,061 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07407 Compare?
| Metric | 07407 | Elmwood Park | New Jersey |
|---|---|---|---|
| Home Value | $629,564 | $629,564 | $559,826 |
| 5-Year CAGR | 4.8% | 4.8% | 8.4% |
| Avg Rent | $2,564 | $2,564 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 07407 (Elmwood Park, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. 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 | $629,564 |
| Monthly Rent | $2,564 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 07407
Population: 21,287
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 07407
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln School #6
Charles J. Riley/ School 9
Christopher Columbus School #8
Dr. Hani Awadallah School
Dr. Martin Luther King Jr. Educational Complex
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 6,744 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Elmwood Park, NJ?
The tenant pool in Elmwood Park, NJ is solid, supported by local employment and population fundamentals. Rents of $2,564/mo are well-absorbed by the market.
Does Elmwood Park, NJ make sense for an investment property?
With a 3.0/5 investability score, Elmwood Park, NJ ranks as a solid market for rental property investors. Median prices of $630K and rents of $2,564/mo drive the underlying numbers.
How much does a house cost in Elmwood Park, NJ?
Homes in Elmwood Park, NJ typically sell near $630K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Does Elmwood Park, NJ favor landlords or tenants?
Rental owners in Elmwood Park, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What kind of vacancy should I budget for in Elmwood Park, NJ?
Elmwood Park, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 07407 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07407 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 07407 ranks in New York-Newark-Jersey City, NY-NJ-PA
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