Real Estate Investing in Red Bank, New Jersey (07701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07701 (Red Bank, 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 Red Bank, NJ (07701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07701 Red Bank
The 07701 ZIP covers a section of Red Bank that demands careful diligence. Prices near $733K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $733K asset, 07701 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NJ, ZIP 07701 trails on several market indicators that neighboring Monmouth County submarkets outperform. The gap is real and significant enough to shape underwriting.
Demographically, 07701 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 07701, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Red Bank:
Property Strategy for 07701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $322,724 | $2,160 | 4.8% | +8.4% | $322,724 |
| 2BR | $493,333 | $2,660 | 3.9% | +9.7% | $246,667 |
| 3BR | $720,616 | $3,480 | 3.5% | — | $240,205 |
| 4BR | $913,955 | $3,850 | 3.0% | — | $228,489 |
| 5BR | $1,121,589 | — | — | — | $224,318 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07701 Compare?
| Metric | 07701 | Red Bank | New Jersey |
|---|---|---|---|
| Home Value | $732,744 | $732,744 | $559,826 |
| 5-Year CAGR | 7.3% | 7.3% | 8.4% |
| Avg Rent | $3,279 | $3,279 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 07701 (Red Bank, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07701 (Red Bank, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $732,744 |
| Monthly Rent | $3,279 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 07701
Population: 24,544
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 07701
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Knollwood School
Markham Place School
Point Road School
Shrewsbury Borough Elementary School
Viola L Sickles 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 2,430 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Red Bank, NJ?
The median home value in Red Bank, NJ is roughly $733K. That puts it reasonable relative to the NJ statewide average.
How strong is the working-renter base in Red Bank, NJ?
The renter base in Red Bank, NJ is reasonable for the $3,279/mo price point. Screening well and pricing to market typically yields steady tenants.
Do landlords face vacancy issues in Red Bank, NJ?
Expect elevated vacancy in Red Bank, NJ. Rents at $3,279/mo are absorbed by the tenant base without meaningful lag.
Is Red Bank, NJ suited for a house hack?
For house hackers, Red Bank, NJ is a challenging. The $3,279/mo rent on a unit helps defray the mortgage on a $733K property.
Is Red Bank, NJ a friendly market for rental owners?
Red Bank, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 07701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07701 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07701 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07701 (Red Bank)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07701 (Red Bank, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.