Real Estate Investing in Freehold, New Jersey (07728)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07728 (Freehold, 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 Freehold, NJ (07728)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07728 Freehold
Not every below-median market is a bargain. Freehold's 07728 ZIP reflects signals that favor experienced operators who can absorb the risk $659K pricing implies.
Rent of $2,880/mo on a $659K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07728 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 07728 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 07728 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Freehold's stable or hybrid ZIPs before stepping into 07728. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Freehold:
Property Strategy for 07728
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $241,448 | $2,040 | 6.1% | +9.3% | $241,448 |
| 2BR | $405,740 | $2,520 | 4.5% | +9.4% | $202,870 |
| 3BR | $540,604 | $3,290 | 4.4% | — | $180,201 |
| 4BR | $845,110 | $3,650 | 3.1% | +8.9% | $211,278 |
| 5BR | $1,008,784 | — | — | +9.7% | $201,757 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07728 Compare?
| Metric | 07728 | Freehold | New Jersey |
|---|---|---|---|
| Home Value | $658,949 | $658,949 | $559,826 |
| 5-Year CAGR | 7.5% | 7.5% | 8.4% |
| Avg Rent | $2,880 | $2,880 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 07728 (Freehold, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $658,949 |
| Monthly Rent | $2,880 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 07728
Population: 56,623
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 07728
Schools in This ZIP Code
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
Frequently Asked Questions
What is the average home sale price in Freehold, NJ?
The median home value in Freehold, NJ is roughly $659K. That puts it reasonable relative to the NJ statewide average.
What is the renter demographic in Freehold, NJ?
The tenant pool in Freehold, NJ is solid, supported by local employment and population fundamentals. Rents of $2,880/mo are well-absorbed by the market.
What is the smart move for investors in Freehold, NJ?
The best-fit strategy in Freehold, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Freehold, NJ good for house hacking?
House hacking in Freehold, NJ is reasonable to execute. Prices around $659K and rents of $2,880/mo solid owner-occupant economics.
Is NJ a landlord-friendly state?
Freehold, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 07728 now. You don’t know where it ranks.
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How 07728 ranks in New York-Newark-Jersey City, NY-NJ-PA
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