Real Estate Investing in Denville, New Jersey (07834)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07834 (Denville, 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.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Denville, NJ (07834)?
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Market Analysis: 07834 Denville
The 07834 ZIP in Denville, NJ is a local-operator market. Outside capital chasing a $681K entry has to pair deep knowledge with the discount.
On the rental side, the numbers look inviting — $681K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07834 is substantial and deserves full respect.
In the broader NJ picture, 07834 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 15% in 07834 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 07834 is an operator game, not a passive one. Put differently, entry prices of $681K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Denville:
Property Strategy for 07834
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $497,778 | $2,510 | 3.6% | +8.0% | $248,889 |
| 3BR | $642,125 | $3,140 | 3.5% | +8.0% | $214,042 |
| 4BR | $770,717 | $3,570 | 3.3% | +8.6% | $192,679 |
| 5BR | $1,048,302 | — | — | +8.9% | $209,660 |
Market Trends
Home Value History (with trend line)
📊 How Does 07834 Compare?
| Metric | 07834 | Denville | New Jersey |
|---|---|---|---|
| Home Value | $680,530 | $622,696 | $559,826 |
| 5-Year CAGR | 6.1% | 6.1% | 8.4% |
| Avg Rent | $2,259 | $2,579 | - |
| Cap Rate | 2.6% | 3.3% | - |
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 07834 (Denville, 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 | $680,530 |
| Monthly Rent | $2,259 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (2.6%). 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 07834
Population: 18,203
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 07834
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alfred Vail School
Morris Plains Borough School
Mountain Lakes High School
Wildwood Elementary School
Briarcliff 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
Are there empty rentals in Denville, NJ?
Rental vacancy in Denville, NJ is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Denville, NJ?
Tenant quality in Denville, NJ ranks as solid. Landlords generally report consistent occupancy at market rents of $2,259/mo.
How does Denville, NJ rate as a rental market?
Yes - Denville, NJ a 3.0/5 investability score. With $681K home prices against $2,259/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Denville, NJ good for landlords?
Landlord-friendliness in Denville, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are rental rates like in Denville, NJ?
Expect rents around $2,259/mo per month in Denville, NJ. With home values at $681K, the yield math works out to reasonable levels for rental investors.
You know 07834 now. You don’t know where it ranks.
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How 07834 ranks in New York-Newark-Jersey City, NY-NJ-PA
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