Real Estate Investing in Vernon, New Jersey (07462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07462 (Vernon, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Vernon, NJ (07462)?
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Market Analysis: 07462 Vernon
Not every below-median market is a bargain. Vernon's 07462 ZIP posts signals that favor experienced operators who can absorb the risk $301K pricing implies.
For an experienced owner, 07462 can be a worth a close look for hunting ground — but the discount at $301K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Vernon have seen price recovery that 07462 has not matched. Sussex County data supports the view that the spread is structural rather than temporary.
In practical terms, 6,892 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 07462 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 Vernon:
Property Strategy for 07462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $180,869 | $1,790 | 7.1% | +15.4% | $180,869 |
| 2BR | $255,231 | $2,170 | 6.1% | +15.0% | $127,615 |
| 3BR | $372,751 | $2,720 | 5.3% | +11.8% | $124,250 |
| 4BR | $536,452 | $3,090 | 4.1% | +11.0% | $134,113 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07462 Compare?
| Metric | 07462 | Vernon | New Jersey |
|---|---|---|---|
| Home Value | $301,279 | $301,279 | $559,826 |
| 5-Year CAGR | 7.3% | 7.3% | 8.4% |
| Avg Rent | $2,200 | $2,200 | - |
| Cap Rate | 5.7% | 5.7% | - |
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 07462 (Vernon, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $301,279 |
| Monthly Rent | $2,200 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (5.7%). 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 07462
Population: 6,892
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 07462
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.
Frequently Asked Questions
How tight is the rental market in Vernon, NJ?
Expect elevated vacancy in Vernon, NJ. Rents at $2,200/mo are absorbed by the tenant base without meaningful lag.
What is the typical renter like in Vernon, NJ?
Vernon, NJ draws a predictable base of working renters. Demand at the $2,200/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Vernon, NJ?
Vernon, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What real estate strategy is ideal for Vernon, NJ?
Most investors in Vernon, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How do home values compare in Vernon, NJ?
Expect median prices around $301K in Vernon, NJ. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 07462 now. You don’t know where it ranks.
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How 07462 ranks in New York-Newark-Jersey City, NY-NJ-PA
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