Real Estate Investing in Hopatcong, New Jersey (07843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07843 (Hopatcong, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Hopatcong, NJ (07843)?
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Market Analysis: 07843 Hopatcong
ZIP 07843 inside Sussex County looks affordable on the surface — median value of $456K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 07843 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
On the rental side, 07843 offers a low basis, the region around Hopatcong has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 07843 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hopatcong:
Property Strategy for 07843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $279,113 | $1,880 | 4.8% | +12.2% | $279,113 |
| 2BR | $347,324 | $2,280 | 4.7% | +11.5% | $173,662 |
| 3BR | $463,598 | $2,860 | 4.4% | +11.5% | $154,533 |
| 4BR | $519,567 | $3,240 | 4.5% | +11.0% | $129,892 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07843 Compare?
| Metric | 07843 | Hopatcong | New Jersey |
|---|---|---|---|
| Home Value | $455,778 | $455,778 | $559,826 |
| 5-Year CAGR | 7.8% | 7.8% | 8.4% |
| Avg Rent | $2,633 | $2,633 | - |
| Cap Rate | 4.5% | 4.5% | - |
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 07843 (Hopatcong, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $455,778 |
| Monthly Rent | $2,633 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (4.5%). 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 07843
Population: 11,309
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 07843
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Byram Intermediate School
Lenape Valley Regional High School
Valley Road School
Mount Arlington Public School
Nixon 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
Investor Insight: With 2,715 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Hopatcong, NJ?
Investors in Hopatcong, NJ typically see rents near $2,633/mo per month against $456K home values - a solid setup for rental cash flow.
What are vacancy rates like in Hopatcong, NJ?
Vacancy in Hopatcong, NJ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,633/mo.
Which real estate strategy fits Hopatcong, NJ?
The best-fit strategy in Hopatcong, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does house hacking make sense in Hopatcong, NJ?
House hacking works a challenging in Hopatcong, NJ. Rents of $2,633/mo against $456K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Hopatcong, NJ?
The tenant pool in Hopatcong, NJ is solid, supported by local employment and population fundamentals. Rents of $2,633/mo are well-absorbed by the market.
You know 07843 now. You don’t know where it ranks.
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How 07843 ranks in New York-Newark-Jersey City, NY-NJ-PA
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