Real Estate Investing in Highland Lake, New Jersey (07422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07422 (Highland Lake, NJ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Highland Lake, NJ (07422)?
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Market Analysis: 07422 Highland Lake
ZIP 07422 inside Sussex County looks affordable on the surface — median value of $412K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $412K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07422 is substantial and deserves full respect.
Statewide comparisons place 07422 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 07422 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Highland Lake's stable or hybrid ZIPs before stepping into 07422. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Highland Lake:
Property Strategy for 07422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $332,715 | $2,390 | 5.2% | +11.3% | $166,357 |
| 3BR | $413,929 | $2,990 | 5.2% | +11.3% | $137,976 |
| 4BR | $458,491 | $3,400 | 5.3% | +11.1% | $114,623 |
Market Trends
Home Value History (with trend line)
📊 How Does 07422 Compare?
| Metric | 07422 | Highland Lake | New Jersey |
|---|---|---|---|
| Home Value | $411,809 | $411,809 | $559,826 |
| 5-Year CAGR | 7.0% | 7.0% | 8.4% |
| Avg Rent | $2,151 | $2,151 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 07422 (Highland Lake, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $411,809 |
| Monthly Rent | $2,151 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (4.1%). 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 07422
Population: 5,216
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 07422
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lounsberry Hollow School
Rolling Hills Primary School
Cedar Mountain Primary School
Glen Meadow Middle School
Vernon Township High 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.
Frequently Asked Questions
What is the average home sale price in Highland Lake, NJ?
In Highland Lake, NJ the median home value sits at $412K. Against the broader NJ market, that reads as reasonable for most investors.
Do rentals sit vacant long in Highland Lake, NJ?
Vacancy risk in Highland Lake, NJ is elevated. That supports reliable cash flow for typical rental holds.
Is it easy to find good tenants in Highland Lake, NJ?
Expect a solid tenant pool in Highland Lake, NJ. The rental market absorbs $2,151/mo rents without meaningful friction.
Is NJ a landlord-friendly state?
Highland Lake, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How much do tenants pay in Highland Lake, NJ?
Rents in Highland Lake, NJ run near $2,151/mo. Compared with median home prices of $412K that produces solid gross yields for typical rentals.
You know 07422 now. You don’t know where it ranks.
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How 07422 ranks in New York-Newark-Jersey City, NY-NJ-PA
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