Real Estate Investing in Newfoundland, New Jersey (07435)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07435 (Newfoundland, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 26.5 — 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 Newfoundland, NJ (07435)?
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Market Analysis: 07435 Newfoundland
ZIP 07435 in Newfoundland, NJ carries a impressive set of headwinds. Home values near $641K and rents of $2,016/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 07435 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Put differently, 07435 offers a low basis, the region around Newfoundland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 07435 includes headwinds that any investor should price in. Income distribution skews lower than Newfoundland averages, and tenant stability requires active management.
Strategically, 07435 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 Newfoundland:
Property Strategy for 07435
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $591,339 | $2,780 | 3.4% | +9.1% | $197,113 |
| 4BR | $705,657 | $3,270 | 3.3% | +9.0% | $176,414 |
Market Trends
Home Value History (with trend line)
📊 How Does 07435 Compare?
| Metric | 07435 | Newfoundland | New Jersey |
|---|---|---|---|
| Home Value | $641,201 | $641,201 | $559,826 |
| 5-Year CAGR | 6.1% | 6.1% | 8.4% |
| Avg Rent | $2,016 | $2,016 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07435 (Newfoundland, NJ). Anonymous, moderated, never written by AI.
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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 | $641,201 |
| Monthly Rent | $2,016 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.5%). 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 07435
Population: 2,430
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the median home value in Newfoundland, NJ?
Typical homes in Newfoundland, NJ go for around $641K. The 5-year CAGR of 0.0% steady price movement.
Is Newfoundland, NJ landlord-friendly?
NJ ranks as a tenant-protective state for landlord-tenant law. Newfoundland generally follows the statewide framework, so landlords face reasonable operating rules.
How quickly do rentals get leased in Newfoundland, NJ?
Vacancy risk in Newfoundland, NJ is elevated. That supports steady cash flow for typical rental holds.
Is house hacking profitable in Newfoundland, NJ?
House hacking works a challenging in Newfoundland, NJ. Rents of $2,016/mo against $641K acquisition make the strategy solid for owner-occupants.
How strong is tenant demand in Newfoundland, NJ?
Working renters make up the core of the Newfoundland, NJ tenant base. The pool is reasonable for investors targeting long-term holds.
You know 07435 now. You don’t know where it ranks.
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How 07435 ranks in New York-Newark-Jersey City, NY-NJ-PA
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