Real Estate Investing in Deal, New Jersey (07723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07723 (Deal, NJ)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
An appreciation play — values grow, but cash flow is thin. Best for long-hold investors comfortable with paper gains over monthly income.
- High vacancy: 75.9% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 225.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Deal, NJ (07723)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07723 Deal
Not every below-median market is a bargain. Deal's 07723 ZIP shows signals that favor experienced operators who can absorb the risk $4.5M pricing implies.
From an investor standpoint, the numbers look inviting — $4.5M purchase price, 0.0% nominal cap — the work to hit that pro forma in 07723 is substantial and deserves full respect.
Within NJ, ZIP 07723 trails on several market indicators that neighboring Monmouth County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 07723 includes headwinds that any investor should price in. Income distribution skews lower than Deal averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 07723, 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 Deal:
Property Strategy for 07723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $2,177,018 | $2,430 | 0.8% | +13.7% | $725,673 |
| 4BR | $3,281,954 | $2,690 | 0.6% | +13.7% | $820,489 |
| 5BR | $5,452,509 | — | — | +13.2% | $1,090,502 |
Market Trends
Home Value History (with trend line)
📊 How Does 07723 Compare?
| Metric | 07723 | Deal | New Jersey |
|---|---|---|---|
| Home Value | $4,524,126 | $4,524,126 | $559,826 |
| 5-Year CAGR | 11.6% | 11.6% | 8.4% |
| Avg Rent | $1,674 | $1,674 | - |
| Cap Rate | 0.3% | 0.3% | - |
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 07723 (Deal, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $4,524,126 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 225.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 0.4% |
| Cap Rate | 0.3% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +16.5% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +11.6% ▲ |
| 10-Year CAGR | +11.5% ▲ |
🏠 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 (0.3%). 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 07723
Population: 815
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 07723
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Asbury Park High School
Betty McElmon Elementary School
Bradley Elementary School
Ocean Township Elementary School
Shore Regional High 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
How should investors approach Deal, NJ?
The best-fit strategy in Deal, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Deal, NJ suited for a house hack?
Deal, NJ is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $4.5M price point reasonable to enter.
What is the rental occupancy rate in Deal, NJ?
Vacancy risk in Deal, NJ is elevated. That supports even-keeled cash flow for typical rental holds.
Is housing expensive in Deal, NJ?
Homes in Deal, NJ typically sell near $4.5M. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How strong is Deal, NJ for real estate investors?
Yes - Deal, NJ a 2.0/5 investability score. With $4.5M home prices against $1,674/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 07723 now. You don’t know where it ranks.
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How 07723 ranks in New York-Newark-Jersey City, NY-NJ-PA
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