Real Estate Investing in Spring Lake, New Jersey (07762)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07762 (Spring Lake, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Spring Lake, NJ (07762)?
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Market Analysis: 07762 Spring Lake
Investors eyeing 07762 need to respect the fundamentals at play. Home values of $1.5M come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 07762 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 07762 sits on the difficult end of the NJ spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 07762 includes headwinds that any investor should price in. Income distribution skews lower than Spring Lake averages, and tenant stability requires active management.
New investors are better served looking at Spring Lake's stable or hybrid ZIPs before stepping into 07762. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Spring Lake:
Property Strategy for 07762
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $640,523 | $1,880 | 2.1% | +6.0% | $640,523 |
| 2BR | $832,353 | $2,320 | 2.0% | +10.0% | $416,176 |
| 3BR | $1,088,366 | $3,030 | 2.0% | — | $362,789 |
| 4BR | $1,865,387 | $3,360 | 1.3% | +11.9% | $466,347 |
| 5BR | $4,576,540 | — | — | +11.2% | $915,308 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07762 Compare?
| Metric | 07762 | Spring Lake | New Jersey |
|---|---|---|---|
| Home Value | $1,500,460 | $1,500,460 | $559,826 |
| 5-Year CAGR | 9.2% | 9.2% | 8.4% |
| Avg Rent | $5,133 | $5,133 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 07762 (Spring Lake, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,500,460 |
| Monthly Rent | $5,133 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +9.2% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 07762
Population: 8,205
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 07762
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Allenwood Elementary School
Belmar Elementary
Central Elementary School
Manasquan Elementary School
Old Mill 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
Frequently Asked Questions
Are landlord laws favorable in Spring Lake, NJ?
NJ ranks as a tenant-protective state for landlord-tenant law. Spring Lake generally follows the statewide framework, so landlords face reasonable operating rules.
Is Spring Lake, NJ a good place for real estate investing?
Spring Lake, NJ rates 3.0/5 for investability. With median values at $1.5M and rents near $5,133/mo, the market offers reasonable fundamentals for rental investors.
Is Spring Lake, NJ a good market for FHA house hackers?
For house hackers, Spring Lake, NJ is a tougher. The $5,133/mo rent on a unit helps defray the mortgage on a $1.5M property.
Are rents high in Spring Lake, NJ?
Investors in Spring Lake, NJ typically see rents near $5,133/mo per month against $1.5M home values - a solid setup for rental cash flow.
How do home values compare in Spring Lake, NJ?
Spring Lake, NJ median home values land near $1.5M. That is reasonable territory for investors looking at $5,133/mo-per-month rentals.
You know 07762 now. You don’t know where it ranks.
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How 07762 ranks in New York-Newark-Jersey City, NY-NJ-PA
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