Real Estate Investing in Dover, New Jersey (07801)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07801 (Dover, 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 Dover, NJ (07801)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07801 Dover
This part of Morris County is not an easy win. The 07801 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 07801 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 07801 and stronger Dover ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 52% in 07801 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 07801 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 Dover:
Property Strategy for 07801
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $365,643 | $2,450 | 4.8% | +8.5% | $182,821 |
| 3BR | $487,947 | $3,070 | 4.5% | +9.1% | $162,649 |
| 4BR | $579,169 | $3,490 | 4.3% | +9.2% | $144,792 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07801 Compare?
| Metric | 07801 | Dover | New Jersey |
|---|---|---|---|
| Home Value | $515,279 | $515,279 | $559,826 |
| 5-Year CAGR | 6.2% | 6.2% | 8.4% |
| Avg Rent | $2,335 | $2,335 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 07801 (Dover, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Morris County
Manage rentals here? List your business →Denali Property Management New Jersey specializes in condo management. summary from their website
PMI Prime Property Services offers residential, association, and commercial property management in Northern New Jersey, including marketing, tenant screening, and maintenance. summary from their website
Alliance Property Management LLC provides property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $515,279 |
| Monthly Rent | $2,335 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.5%). 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 07801
Population: 26,725
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 07801
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Arthur Stanlick Elementary School
Catherine A Dwyer Elementary School
Marie V. Duffy Elementary School
Alfred C. MacKinnon Middle 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 1,705 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Dover, NJ stack up for property investment?
With a 3.0/5 investability score, Dover, NJ ranks as a solid market for rental property investors. Median prices of $515K and rents of $2,335/mo drive the underlying numbers.
What real estate strategy is ideal for Dover, NJ?
The best-fit strategy in Dover, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What do landlords charge for rent in Dover, NJ?
Investors in Dover, NJ typically see rents near $2,335/mo per month against $515K home values - a solid setup for rental cash flow.
Is house hacking profitable in Dover, NJ?
For house hackers, Dover, NJ is a challenging. The $2,335/mo rent on a unit helps defray the mortgage on a $515K property.
Is vacancy a concern in Dover, NJ?
Dover, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 07801 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07801 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 07801 ranks in New York-Newark-Jersey City, NY-NJ-PA
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