Real Estate Investing in River Edge, New Jersey (07661)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07661 (River Edge, 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 35.1 — hard to cash-flow at these prices.
What’s happening in River Edge, NJ (07661)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07661 River Edge
The 07661 ZIP in River Edge, NJ is a local-operator market. Outside capital chasing a $878K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $878K asset, 07661 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 07661 and stronger River Edge ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 07661 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 07661 is an operator game, not a passive one. From a cash-flow lens, entry prices of $878K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in River Edge:
Property Strategy for 07661
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $770,167 | $3,000 | 2.8% | +8.1% | $256,722 |
| 4BR | $938,261 | $3,830 | 2.9% | +8.9% | $234,565 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07661 Compare?
| Metric | 07661 | River Edge | New Jersey |
|---|---|---|---|
| Home Value | $877,678 | $877,678 | $559,826 |
| 5-Year CAGR | 6.4% | 6.4% | 8.4% |
| Avg Rent | $2,085 | $2,085 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 07661 (River Edge, 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 | $877,678 |
| Monthly Rent | $2,085 |
| Price-to-Rent | 35.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (1.9%). 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 07661
Population: 12,024
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 07661
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Benjamin Franklin Middle School
Dumont High School
East Brook Middle School
Fanny Meyer Hillers
Honiss Elementary\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 4,645 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in River Edge, NJ?
River Edge, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
What are rental rates like in River Edge, NJ?
Expect rents around $2,085/mo per month in River Edge, NJ. With home values at $878K, the yield math works out to reasonable levels for rental investors.
Is housing expensive in River Edge, NJ?
In River Edge, NJ the median home value sits at $878K. Against the broader NJ market, that reads as reasonable for most investors.
What is the renter demographic in River Edge, NJ?
Expect a solid tenant pool in River Edge, NJ. The rental market absorbs $2,085/mo rents without meaningful friction.
What kind of market is River Edge, NJ for investors?
The 3.0/5 investability rating in River Edge, NJ reflects its $878K prices and $2,085/mo rents. Investors generally consider it a solid option within NJ.
You know 07661 now. You don’t know where it ranks.
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How 07661 ranks in New York-Newark-Jersey City, NY-NJ-PA
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