Real Estate Investing in Oak Ridge, New Jersey (07438)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07438 (Oak Ridge, 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.
- 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 Oak Ridge, NJ (07438)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07438 Oak Ridge
ZIP 07438 inside Morris County looks affordable on the surface — median value of $542K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 07438 can be a a strong candidate for hunting ground — but the discount at $542K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 07438 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 07438 includes headwinds that any investor should price in. Income distribution skews lower than Oak Ridge averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 07438 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Oak Ridge:
Property Strategy for 07438
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $380,617 | $2,290 | 4.3% | +8.8% | $190,309 |
| 3BR | $513,048 | $2,850 | 4.0% | +9.5% | $171,016 |
| 4BR | $667,123 | $3,280 | 3.5% | +9.0% | $166,781 |
Market Trends
Home Value History (with trend line)
📊 How Does 07438 Compare?
| Metric | 07438 | Oak Ridge | New Jersey |
|---|---|---|---|
| Home Value | $541,623 | $541,623 | $559,826 |
| 5-Year CAGR | 6.3% | 6.3% | 8.4% |
| Avg Rent | $2,061 | $2,061 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 07438 (Oak Ridge, 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 | $541,623 |
| Monthly Rent | $2,061 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.0%). 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 07438
Population: 11,045
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 07438
Schools in This ZIP Code
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 2,715 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Oak Ridge, NJ better for rentals, flips, or BRRRR?
For Oak Ridge, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much does a house cost in Oak Ridge, NJ?
In Oak Ridge, NJ the median home value sits at $542K. Against the broader NJ market, that reads as reasonable for most investors.
How quickly do rentals get leased in Oak Ridge, NJ?
Vacancy risk in Oak Ridge, NJ is elevated. That supports steady cash flow for typical rental holds.
How deep is the rental pool in Oak Ridge, NJ?
Expect a solid tenant pool in Oak Ridge, NJ. The rental market absorbs $2,061/mo rents without meaningful friction.
What kind of market is Oak Ridge, NJ for investors?
Investors tracking Oak Ridge, NJ will find a 3.0/5 rating supported by $542K median home values and $2,061/mo rents. That profile suits long-term holders targeting consistent returns.
You know 07438 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07438 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 07438 ranks in New York-Newark-Jersey City, NY-NJ-PA
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