Real Estate Investing in Sussex, New Jersey (07461)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07461 (Sussex, 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.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
- 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 Sussex, NJ (07461)?
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Market Analysis: 07461 Sussex
This part of Sussex County is not an easy win. The 07461 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $461K asset, 07461 is the wrong submarket. If the plan prices in friction, the yield can still work.
From an investor standpoint, 07461 offers a low basis, the region around Sussex 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 07461 includes headwinds that any investor should price in. Income distribution skews lower than Sussex averages, and tenant stability requires active management.
The right play in 07461 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 Sussex:
Property Strategy for 07461
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $320,837 | $2,070 | 4.6% | +10.2% | $160,418 |
| 3BR | $425,712 | $2,590 | 4.4% | +10.8% | $141,904 |
| 4BR | $559,694 | $2,940 | 3.8% | +10.5% | $139,923 |
| 5BR | $609,440 | — | — | +9.8% | $121,888 |
Market Trends
Home Value History (with trend line)
📊 How Does 07461 Compare?
| Metric | 07461 | Sussex | New Jersey |
|---|---|---|---|
| Home Value | $461,077 | $461,077 | $559,826 |
| 5-Year CAGR | 6.0% | 6.0% | 8.4% |
| Avg Rent | $1,863 | $1,863 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 07461 (Sussex, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $461,077 |
| Monthly Rent | $1,863 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.2%). 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 07461
Population: 18,575
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 07461
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 1,010 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Sussex, NJ?
Sussex, NJ home values average about $461K. That price point suits investors targeting rentals with $1,863/mo in monthly income.
Is it easy to find good tenants in Sussex, NJ?
Tenant demand in Sussex, NJ is solid. The local workforce $1,863/mo rents across most rental classes.
Is house hacking profitable in Sussex, NJ?
House hacking in Sussex, NJ is reasonable to execute. Prices around $461K and rents of $1,863/mo solid owner-occupant economics.
Are eviction rules reasonable in Sussex, NJ?
For rental operators, Sussex, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Sussex, NJ?
Rents in Sussex, NJ run near $1,863/mo. Compared with median home prices of $461K that produces solid gross yields for typical rentals.
You know 07461 now. You don’t know where it ranks.
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