Real Estate Investing in Eatontown, New Jersey (07724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07724 (Eatontown, 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 25.6 — hard to cash-flow at these prices.
What’s happening in Eatontown, NJ (07724)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07724 Eatontown
ZIP 07724 in Eatontown, NJ carries a impressive set of headwinds. Home values near $710K and rents of $2,312/mo sit inside a market where underwriting has to be tight.
Rent of $2,312/mo on a $710K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07724 sits below the stated 0.0% once reality is priced in.
Within NJ, ZIP 07724 trails on several market indicators that neighboring Monmouth County submarkets outperform. The gap is real and significant enough to shape underwriting.
A robust renter share of 29% in 07724 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 07724 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Eatontown:
Property Strategy for 07724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $185,265 | $1,730 | 6.7% | +4.0% | $185,265 |
| 2BR | $460,275 | $2,130 | 3.3% | +9.3% | $230,137 |
| 3BR | $659,455 | $2,780 | 3.0% | — | $219,818 |
| 4BR | $846,705 | $3,080 | 2.6% | — | $211,676 |
| 5BR | $1,074,613 | — | — | +10.3% | $214,923 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07724 Compare?
| Metric | 07724 | Eatontown | New Jersey |
|---|---|---|---|
| Home Value | $709,962 | $709,962 | $559,826 |
| 5-Year CAGR | 7.5% | 7.5% | 8.4% |
| Avg Rent | $2,312 | $2,312 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 07724 (Eatontown, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $709,962 |
| Monthly Rent | $2,312 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -4.4% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 07724
Population: 23,830
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 07724
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Shrewsbury Borough 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
Investor Insight: With 2,430 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Eatontown, NJ?
Eatontown, NJ rentals go for roughly $2,312/mo a month. That puts gross yield in solid territory relative to $710K acquisition costs.
How much should I expect to pay for a home in Eatontown, NJ?
Typical homes in Eatontown, NJ go for around $710K. The 5-year CAGR of 0.0% reliable price movement.
Is vacancy a concern in Eatontown, NJ?
Expect elevated vacancy in Eatontown, NJ. Rents at $2,312/mo are absorbed by the tenant base without meaningful lag.
Can I house hack in Eatontown, NJ?
Eatontown, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,312/mo rent level.
Should investors consider Eatontown, NJ?
The 3.0/5 investability rating in Eatontown, NJ reflects its $710K prices and $2,312/mo rents. Investors generally consider it a solid option within NJ.
You know 07724 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07724 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 07724 ranks in New York-Newark-Jersey City, NY-NJ-PA
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