Real Estate Investing in Morganville, New Jersey (07751)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07751 (Morganville, 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 Morganville, NJ (07751)?
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Market Analysis: 07751 Morganville
The 07751 ZIP in Morganville, NJ is a local-operator market. Outside capital chasing a $890K entry has to pair deep knowledge with the discount.
From an investor standpoint, the numbers look inviting — $890K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07751 is substantial and deserves full respect.
Stepping back, 07751 offers a low basis, the region around Morganville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 07751 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 07751 is an operator game, not a passive one. On the rental side, entry prices of $890K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morganville:
Property Strategy for 07751
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $415,993 | $3,380 | 5.9% | +9.1% | $207,996 |
| 3BR | $578,804 | $4,420 | 5.5% | +8.3% | $192,935 |
| 4BR | $880,660 | $4,890 | 4.0% | +8.5% | $220,165 |
| 5BR | $1,172,446 | — | — | +9.2% | $234,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07751 Compare?
| Metric | 07751 | Morganville | New Jersey |
|---|---|---|---|
| Home Value | $890,047 | $890,047 | $559,826 |
| 5-Year CAGR | 6.6% | 6.6% | 8.4% |
| Avg Rent | $3,388 | $3,388 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 07751 (Morganville, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $890,047 |
| Monthly Rent | $3,388 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.0%). 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 07751
Population: 21,431
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 07751
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
Investor Insight: With 5,699 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Morganville, NJ?
Rent in Morganville, NJ is around $3,388/mo. The resulting rent-to-value relationship with $890K pricing is reasonable for most investor models.
Is Morganville, NJ a friendly market for rental owners?
The landlord environment in Morganville, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is Morganville, NJ a good market for buy-and-hold investors?
The 3.0/5 investability rating in Morganville, NJ reflects its $890K prices and $3,388/mo rents. Investors generally consider it a solid option within NJ.
What kind of vacancy should I budget for in Morganville, NJ?
Vacancy risk in Morganville, NJ is elevated. That supports measured cash flow for typical rental holds.
Does house hacking work in Morganville, NJ?
House hacking in Morganville, NJ is a challenging. With home values around $890K and rents at $3,388/mo, owner-occupants can offset a meaningful share of PITI.
You know 07751 now. You don’t know where it ranks.
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How 07751 ranks in New York-Newark-Jersey City, NY-NJ-PA
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