Real Estate Investing in Fair Haven, New Jersey (07704)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07704 (Fair Haven, 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 55.1 — 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 Fair Haven, NJ (07704)?
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Market Analysis: 07704 Fair Haven
ZIP 07704 inside Monmouth County looks affordable on the surface — median value of $1.6M — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,421/mo on a $1.6M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07704 sits below the stated 0.0% once reality is priced in.
Regionally, 07704 sits on the difficult end of the NJ spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 07704 includes headwinds that any investor should price in. Income distribution skews lower than Fair Haven averages, and tenant stability requires active management.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Fair Haven:
Property Strategy for 07704
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $826,107 | $2,690 | 2.3% | +8.3% | $413,054 |
| 3BR | $1,105,511 | $3,520 | 2.3% | +9.2% | $368,504 |
| 4BR | $1,546,552 | $3,890 | 1.8% | +10.7% | $386,638 |
| 5BR | $2,104,840 | — | — | +10.7% | $420,968 |
Market Trends
Home Value History (with trend line)
📊 How Does 07704 Compare?
| Metric | 07704 | Fair Haven | New Jersey |
|---|---|---|---|
| Home Value | $1,601,958 | $1,601,958 | $559,826 |
| 5-Year CAGR | 9.5% | 9.5% | 8.4% |
| Avg Rent | $2,421 | $2,421 | - |
| Cap Rate | 1.2% | 1.2% | - |
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 07704 (Fair Haven, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,601,958 |
| Monthly Rent | $2,421 |
| Price-to-Rent | 55.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (1.2%). 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 07704
Population: 6,182
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 07704
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Deane-Porter Elementary School
Forrestdale School
Markham Place School
Point Road School
Red Bank 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 2,430 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Fair Haven, NJ a good place for real estate investing?
Yes - Fair Haven, NJ a 3.0/5 investability score. With $1.6M home prices against $2,421/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Fair Haven, NJ landlord-friendly?
NJ law tenant-protective for landlords, and Fair Haven inherits those rules. Investors should still review local ordinances for rental licensing.
Are rents high in Fair Haven, NJ?
Rents in Fair Haven, NJ run near $2,421/mo. Compared with median home prices of $1.6M that produces solid gross yields for typical rentals.
Is Fair Haven, NJ suited for a house hack?
The a tougher house-hack environment in Fair Haven, NJ reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What are vacancy rates like in Fair Haven, NJ?
Fair Haven, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
You know 07704 now. You don’t know where it ranks.
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How 07704 ranks in New York-Newark-Jersey City, NY-NJ-PA
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