Real Estate Investing in Ho Ho Kus, New Jersey (07423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07423 (Ho Ho Kus, 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.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 37.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ho Ho Kus, NJ (07423)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07423 Ho Ho Kus
This part of Bergen County is not an easy win. The 07423 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $3,069/mo on a $1.4M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07423 sits below the stated 0.0% once reality is priced in.
Within NJ, ZIP 07423 trails on several market indicators that neighboring Bergen County submarkets outperform. The gap is real and robust enough to shape underwriting.
Who lives in 07423 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 07423 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Ho Ho Kus:
Property Strategy for 07423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,022,840 | $4,160 | 2.9% | +9.2% | $340,947 |
| 4BR | $1,375,984 | $5,310 | 2.8% | +10.7% | $343,996 |
Market Trends
Home Value History (with trend line)
📊 How Does 07423 Compare?
| Metric | 07423 | Ho Ho Kus | New Jersey |
|---|---|---|---|
| Home Value | $1,376,648 | $1,376,648 | $559,826 |
| 5-Year CAGR | 8.3% | 8.3% | 8.4% |
| Avg Rent | $3,069 | $3,069 | - |
| Cap Rate | 1.7% | 1.7% | - |
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 07423 (Ho Ho Kus, 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 | $1,376,648 |
| Monthly Rent | $3,069 |
| Price-to-Rent | 37.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (1.7%). 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 07423
Population: 4,230
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 07423
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Ann Blanche Smith
Brookside School
Crescent Elementary School
Dorchester Elementary School
George G White
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 6,926 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Ho Ho Kus, NJ a good place for real estate investing?
Ho Ho Kus, NJ records an investability rating of 3.0/5, with median home values near $1.4M and average rents around $3,069/mo. That combination puts it in the durable tier for investor interest.
Does Ho Ho Kus, NJ favor landlords or tenants?
Ho Ho Kus, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the typical vacancy rate in Ho Ho Kus, NJ?
Ho Ho Kus, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which investment style suits Ho Ho Kus, NJ?
Investors usually favor careful cash-flow rentals with hands-on management in Ho Ho Kus, NJ. With home values at $1.4M and rents near $3,069/mo, other strategies can work but produce even-keeled rather than outsized returns.
What do landlords charge for rent in Ho Ho Kus, NJ?
Expect rents around $3,069/mo per month in Ho Ho Kus, NJ. With home values at $1.4M, the yield math works out to reasonable levels for rental investors.
You know 07423 now. You don’t know where it ranks.
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How 07423 ranks in New York-Newark-Jersey City, NY-NJ-PA
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