Real Estate Investing in Middletown, New Jersey (07748)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07748 (Middletown, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Middletown, NJ (07748)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07748 Middletown
Not every below-median market is a bargain. Middletown's 07748 ZIP posts signals that favor experienced operators who can absorb the risk $801K pricing implies.
The investment case in 07748 is durable only for operators who understand what they are buying. A $801K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 07748's metrics run below Monmouth County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 07748 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.
The 07748 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Middletown:
Property Strategy for 07748
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $347,544 | $1,700 | 3.5% | +8.6% | $347,544 |
| 2BR | $445,814 | $2,100 | 3.4% | +9.8% | $222,907 |
| 3BR | $655,800 | $2,750 | 3.0% | +9.0% | $218,600 |
| 4BR | $866,043 | $3,040 | 2.5% | — | $216,511 |
| 5BR | $1,048,342 | — | — | +9.7% | $209,668 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07748 Compare?
| Metric | 07748 | Middletown | New Jersey |
|---|---|---|---|
| Home Value | $801,122 | $801,122 | $559,826 |
| 5-Year CAGR | 7.0% | 7.0% | 8.4% |
| Avg Rent | $3,250 | $3,250 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 07748 (Middletown, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $801,122 |
| Monthly Rent | $3,250 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 07748
Population: 28,288
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 07748
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Bayshore Middle School
Bayview Elementary School
Thorne Middle School
Leonardo 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 does a house cost in Middletown, NJ?
Middletown, NJ median home values land near $801K. That is reasonable territory for investors looking at $3,250/mo-per-month rentals.
How do experienced investors play Middletown, NJ?
In Middletown, NJ the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $801K prices and $3,250/mo rents suits that approach.
What is the typical renter like in Middletown, NJ?
Expect a solid tenant pool in Middletown, NJ. The rental market absorbs $3,250/mo rents without meaningful friction.
Can owner-occupants cash flow in Middletown, NJ?
For house hackers, Middletown, NJ is a challenging. The $3,250/mo rent on a unit helps defray the mortgage on a $801K property.
Is Middletown, NJ good for landlords?
The landlord environment in Middletown, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 07748 now. You don’t know where it ranks.
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