Real Estate Investing in Wanaque, New Jersey (07465)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07465 (Wanaque, 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 Wanaque, NJ (07465)?
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Market Analysis: 07465 Wanaque
ZIP 07465 in Wanaque, NJ carries a healthy set of headwinds. Home values near $524K and rents of $2,610/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 07465 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 07465 and stronger Wanaque ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 5,969 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.
Strategy in 07465 is an operator game, not a passive one. In practical terms, entry prices of $524K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wanaque:
Property Strategy for 07465
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $478,465 | $2,900 | 4.4% | +8.0% | $239,232 |
| 3BR | $558,558 | $3,540 | 4.6% | +9.0% | $186,186 |
| 4BR | $620,990 | $4,510 | 5.2% | +8.9% | $155,248 |
Market Trends
Home Value History (with trend line)
📊 How Does 07465 Compare?
| Metric | 07465 | Wanaque | New Jersey |
|---|---|---|---|
| Home Value | $523,601 | $515,221 | $559,826 |
| 5-Year CAGR | 4.1% | 5.5% | 8.4% |
| Avg Rent | $2,610 | $2,399 | - |
| Cap Rate | 3.9% | 3.6% | - |
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 07465 (Wanaque, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $523,601 |
| Monthly Rent | $2,610 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.9%). 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 07465
Population: 5,969
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 07465
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Haskell Elementary School
Martha B. Day Elementary School
Samuel R. Donald Elementary School
Walter T. Bergen 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 2,289 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Wanaque, NJ make sense for an investment property?
Wanaque, NJ scores 3.0/5 for investability. Home values sit at $524K and rents near $2,610/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What do landlords charge for rent in Wanaque, NJ?
Rents in Wanaque, NJ run near $2,610/mo. Compared with median home prices of $524K that produces solid gross yields for typical rentals.
What type of investing works in Wanaque, NJ?
The best-fit strategy in Wanaque, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong is tenant demand in Wanaque, NJ?
Tenant quality in Wanaque, NJ ranks as solid. Landlords generally report consistent occupancy at market rents of $2,610/mo.
What is the average home sale price in Wanaque, NJ?
Homes in Wanaque, NJ typically sell near $524K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
You know 07465 now. You don’t know where it ranks.
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How 07465 ranks in New York-Newark-Jersey City, NY-NJ-PA
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