Real Estate Investing in Closter, New Jersey (07624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07624 (Closter, 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 Closter, NJ (07624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07624 Closter
This part of Bergen County is not an easy win. The 07624 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 07624 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 07624 sits on the difficult end of the NJ spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 07624 includes headwinds that any investor should price in. Income distribution skews lower than Closter averages, and tenant stability requires active management.
The right play in 07624 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 Closter:
Property Strategy for 07624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $869,099 | $4,260 | 3.5% | +8.9% | $289,700 |
| 4BR | $1,206,149 | $5,430 | 3.2% | +10.2% | $301,537 |
| 5BR | $1,782,341 | — | — | +11.4% | $356,468 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07624 Compare?
| Metric | 07624 | Closter | New Jersey |
|---|---|---|---|
| Home Value | $1,225,881 | $1,225,881 | $559,826 |
| 5-Year CAGR | 8.2% | 8.2% | 8.4% |
| Avg Rent | $5,333 | $5,333 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07624 (Closter, 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 | $1,225,881 |
| Monthly Rent | $5,333 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.4%). 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 07624
Population: 8,544
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 07624
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cresskill High School
Demarest Middle School
Dumont High School
Harrington Park School
Haworth Public 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
What is the best play in Closter, NJ?
Closter, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.2M prices, $5,333/mo rents) make it a reasonable choice.
Does Closter, NJ favor landlords or tenants?
Rental owners in Closter, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How much is rent in Closter, NJ?
Closter, NJ rentals go for roughly $5,333/mo a month. That puts gross yield in solid territory relative to $1.2M acquisition costs.
Is Closter, NJ a good market for FHA house hackers?
Closter, NJ is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.2M price point reasonable to enter.
What is the typical vacancy rate in Closter, NJ?
Closter, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 07624 now. You don’t know where it ranks.
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How 07624 ranks in New York-Newark-Jersey City, NY-NJ-PA
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