Real Estate Investing in Norwood, New Jersey (07648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07648 (Norwood, 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 29.5 — 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 Norwood, NJ (07648)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07648 Norwood
This part of Bergen County is not an easy win. The 07648 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $927K asset, 07648 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 07648 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 15% in 07648 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Norwood's stable or hybrid ZIPs before stepping into 07648. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Norwood:
Property Strategy for 07648
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $780,188 | $3,550 | 3.3% | +8.1% | $260,063 |
| 4BR | $984,213 | $4,520 | 3.3% | +8.4% | $246,053 |
Market Trends
Home Value History (with trend line)
📊 How Does 07648 Compare?
| Metric | 07648 | Norwood | New Jersey |
|---|---|---|---|
| Home Value | $927,081 | $927,081 | $559,826 |
| 5-Year CAGR | 5.8% | 5.8% | 8.4% |
| Avg Rent | $2,619 | $2,619 | - |
| 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 07648 (Norwood, 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 | $927,081 |
| Monthly Rent | $2,619 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (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 07648
Population: 5,668
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 07648
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
Harrington Park School
Hillside Elementary 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 much rent can I charge in Norwood, NJ?
Rents in Norwood, NJ run near $2,619/mo. Compared with median home prices of $927K that produces solid gross yields for typical rentals.
Is NJ a landlord-friendly state?
The landlord environment in Norwood, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is Norwood, NJ a smart market for rental property?
With a 3.0/5 investability score, Norwood, NJ ranks as a solid market for rental property investors. Median prices of $927K and rents of $2,619/mo drive the underlying numbers.
What investment strategy works best in Norwood, NJ?
Most investors in Norwood, 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 qualified is the tenant pool in Norwood, NJ?
Expect a solid tenant pool in Norwood, NJ. The rental market absorbs $2,619/mo rents without meaningful friction.
You know 07648 now. You don’t know where it ranks.
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How 07648 ranks in New York-Newark-Jersey City, NY-NJ-PA
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