Real Estate Investing in Harrington Park, New Jersey (07640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07640 (Harrington Park, 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.
- High price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrington Park, NJ (07640)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07640 Harrington Park
The 07640 ZIP in Harrington Park, NJ is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
The 07640 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 07640 sits on the difficult end of the NJ spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 4,883 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 07640 is an operator game, not a passive one. In practical terms, entry prices of $1.0M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harrington Park:
Property Strategy for 07640
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $856,715 | $3,900 | 3.3% | +8.4% | $285,572 |
| 4BR | $1,026,535 | $4,980 | 3.5% | +9.4% | $256,634 |
Market Trends
Home Value History (with trend line)
📊 How Does 07640 Compare?
| Metric | 07640 | Harrington Park | New Jersey |
|---|---|---|---|
| Home Value | $1,010,026 | $1,010,026 | $559,826 |
| 5-Year CAGR | 6.9% | 6.9% | 8.4% |
| Avg Rent | $2,880 | $2,880 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07640 (Harrington Park, 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 | $1,010,026 |
| Monthly Rent | $2,880 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (2.2%). 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 07640
Population: 4,883
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 07640
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brookside Elementary School
Charles DeWolf Middle School
Demarest Middle School
Emerson Jr Sr High
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
Investor Insight: With 4,637 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Harrington Park, NJ?
The median home value in Harrington Park, NJ is roughly $1.0M. That puts it reasonable relative to the NJ statewide average.
What is the typical renter like in Harrington Park, NJ?
Tenant quality in Harrington Park, NJ ranks as solid. Landlords generally report reliable occupancy at market rents of $2,880/mo.
Is Harrington Park, NJ good for landlords?
For rental operators, Harrington Park, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Can owner-occupants cash flow in Harrington Park, NJ?
Harrington Park, NJ offers a tougher house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,880/mo rent level.
Does Harrington Park, NJ make sense for an investment property?
The 3.0/5 investability rating in Harrington Park, NJ reflects its $1.0M prices and $2,880/mo rents. Investors generally consider it a solid option within NJ.
You know 07640 now. You don’t know where it ranks.
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How 07640 ranks in New York-Newark-Jersey City, NY-NJ-PA
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