Real Estate Investing in Bogota, New Jersey (07603)
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Should you buy in 07603 (Bogota, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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.
What’s happening in Bogota, NJ (07603)?
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Market Analysis: 07603 Bogota
This part of Bergen County is not an easy win. The 07603 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 07603 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Stepping back, 07603 offers a low basis, the region around Bogota has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 07603 ZIP's population of 9,110 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 07603 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 Bogota:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07603 Compare?
| Metric | 07603 | Bogota | New Jersey |
|---|---|---|---|
| Home Value | $621,695 | $621,695 | $559,826 |
| 5-Year CAGR | 6.5% | 6.5% | 8.4% |
| Avg Rent | $3,007 | $3,007 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07603 (Bogota, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. 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 | $621,695 |
| Monthly Rent | $3,007 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.8%). 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 07603
Population: 9,110
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 07603
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Anna C. Scott Elementary School
Benjamin Franklin Middle School
Bergen County Technical High School - Teterboro
Fanny Meyer Hillers
Hasbrouck Heights 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
Frequently Asked Questions
How strong is tenant demand in Bogota, NJ?
Bogota, NJ draws a reliable base of working renters. Demand at the $3,007/mo rent level is reasonable for standard single-family and small multi rentals.
Does Bogota, NJ make sense for an investment property?
With a 3.0/5 investability score, Bogota, NJ ranks as a solid market for rental property investors. Median prices of $622K and rents of $3,007/mo drive the underlying numbers.
What is the median home value in Bogota, NJ?
Typical homes in Bogota, NJ go for around $622K. The 5-year CAGR of 0.0% reliable price movement.
Are eviction rules reasonable in Bogota, NJ?
Bogota, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What is the typical rental rate in Bogota, NJ?
Investors in Bogota, NJ typically see rents near $3,007/mo per month against $622K home values - a solid setup for rental cash flow.
You know 07603 now. You don’t know where it ranks.
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