Real Estate Investing in Woodland Park, New Jersey (07424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07424 (Woodland 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 Woodland Park, NJ (07424)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07424 Woodland Park
Not every below-median market is a bargain. Woodland Park's 07424 ZIP registers signals that favor experienced operators who can absorb the risk $644K pricing implies.
From an investor standpoint, the numbers look inviting — $644K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07424 is substantial and deserves full respect.
In the broader NJ picture, 07424 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 07424 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 07424 is an operator game, not a passive one. Put differently, entry prices of $644K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Woodland Park:
Property Strategy for 07424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $334,712 | $2,010 | 4.3% | +6.4% | $334,712 |
| 2BR | $550,108 | $2,310 | 3.0% | +7.0% | $275,054 |
| 3BR | $628,153 | $2,820 | 3.2% | +8.2% | $209,384 |
| 4BR | $703,107 | $3,600 | 3.7% | +8.3% | $175,777 |
| 5BR | $811,494 | — | — | +8.9% | $162,299 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07424 Compare?
| Metric | 07424 | Woodland Park | New Jersey |
|---|---|---|---|
| Home Value | $644,217 | $644,217 | $559,826 |
| 5-Year CAGR | 5.8% | 5.8% | 8.4% |
| Avg Rent | $2,556 | $2,556 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 07424 (Woodland Park, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07424 (Woodland Park, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $644,217 |
| Monthly Rent | $2,556 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -8.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 07424
Population: 27,475
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 07424
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cedar Grove High School
Charles J. Riley/ School 9
Dr. Hani Awadallah School
Edward W. Kilpatrick
Memorial Middle 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 5,291 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is it like being a landlord in Woodland Park, NJ?
NJ ranks as a tenant-protective state for landlord-tenant law. Woodland Park generally follows the statewide framework, so landlords face reasonable operating rules.
What is the investability score for Woodland Park, NJ?
Woodland Park, NJ stands at an investability rating of 3.0/5, with median home values near $644K and average rents around $2,556/mo. That combination puts it in the solid tier for investor interest.
What price range are homes in Woodland Park, NJ?
Median home price in Woodland Park, NJ is near $644K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Does a duplex house hack pencil in Woodland Park, NJ?
The a challenging house-hack environment in Woodland Park, NJ reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of tenants rent in Woodland Park, NJ?
Tenant quality in Woodland Park, NJ ranks as solid. Landlords generally report consistent occupancy at market rents of $2,556/mo.
You know 07424 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07424 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 07424 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07424 (Woodland Park)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07424 (Woodland Park, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.