Real Estate Investing in Mine Hill Township, New Jersey (07803)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07803 (Mine Hill Township, NJ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mine Hill Township, NJ (07803)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07803 Mine Hill Township
The 07803 ZIP covers a section of Mine Hill Township that demands careful diligence. Prices near $507K look accessible, but the work to make a deal cash flow is real.
Rent of $2,331/mo on a $507K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07803 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 07803 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 07803 includes headwinds that any investor should price in. Income distribution skews lower than Mine Hill Township averages, and tenant stability requires active management.
The 07803 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 Mine Hill Township:
Property Strategy for 07803
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $502,412 | $3,240 | 4.6% | +8.6% | $167,471 |
| 4BR | $560,053 | $3,680 | 4.7% | +9.0% | $140,013 |
Market Trends
Home Value History (with trend line)
📊 How Does 07803 Compare?
| Metric | 07803 | Mine Hill Township | New Jersey |
|---|---|---|---|
| Home Value | $507,256 | $507,256 | $559,826 |
| 5-Year CAGR | 6.3% | 6.3% | 8.4% |
| Avg Rent | $2,331 | $2,331 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 07803 (Mine Hill Township, 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 | $507,256 |
| Monthly Rent | $2,331 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.6%). 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 07803
Population: 3,993
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 07803
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fernbrook School
Shongum School
Randolph Middle School
Center Grove School
Ironia 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
What is the rental occupancy rate in Mine Hill Township, NJ?
Vacancy in Mine Hill Township, NJ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,331/mo.
How much is rent in Mine Hill Township, NJ?
Expect rents around $2,331/mo per month in Mine Hill Township, NJ. With home values at $507K, the yield math works out to reasonable levels for rental investors.
Is it easy to find good tenants in Mine Hill Township, NJ?
Expect a solid tenant pool in Mine Hill Township, NJ. The rental market absorbs $2,331/mo rents without meaningful friction.
Is house hacking profitable in Mine Hill Township, NJ?
Mine Hill Township, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,331/mo rent level.
Is Mine Hill Township, NJ a good place for real estate investing?
Investors tracking Mine Hill Township, NJ will find a 3.0/5 rating supported by $507K median home values and $2,331/mo rents. That profile suits long-term holders targeting measured returns.
You know 07803 now. You don’t know where it ranks.
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How 07803 ranks in New York-Newark-Jersey City, NY-NJ-PA
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