Real Estate Investing in Kenvil, New Jersey (07847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07847 (Kenvil, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kenvil, NJ (07847)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07847 Kenvil
Put differently, ZIP 07847 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $520K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 07847 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Kenvil have seen price recovery that 07847 has not matched. Morris County data supports the view that the spread is structural rather than temporary.
Demographically, 07847 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.
trends toward 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 Kenvil:
Market Trends
Home Value History (with trend line)
📊 How Does 07847 Compare?
| Metric | 07847 | Kenvil | New Jersey |
|---|---|---|---|
| Home Value | $519,587 | $519,587 | $559,826 |
| 5-Year CAGR | 6.2% | 6.2% | 8.4% |
| Avg Rent | $2,565 | $2,565 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 07847 (Kenvil, 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 | $519,587 |
| Monthly Rent | $2,565 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 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 (3.9%). 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 07847
Population: 1,769
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 07847
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Canfield Avenue School
Eisenhower Middle School
Lincoln/Roosevelt School
Franklin Elementary School
Mount Arlington Public 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
Is Kenvil, NJ a good place for real estate investing?
The 3.0/5 investability rating in Kenvil, NJ reflects its $520K prices and $2,565/mo rents. Investors generally consider it a solid option within NJ.
How strong are rents in Kenvil, NJ?
Rent in Kenvil, NJ is around $2,565/mo. The resulting rent-to-value relationship with $520K pricing is reasonable for most investor models.
Is Kenvil, NJ good for landlords?
Kenvil, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is Kenvil, NJ better for rentals, flips, or BRRRR?
The best-fit strategy in Kenvil, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the rental occupancy rate in Kenvil, NJ?
Expect elevated vacancy in Kenvil, NJ. Rents at $2,565/mo are absorbed by the tenant base without meaningful lag.
You know 07847 now. You don’t know where it ranks.
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How 07847 ranks in New York-Newark-Jersey City, NY-NJ-PA
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