Real Estate Investing in Lake Hopatcong, New Jersey (07849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07849 (Lake Hopatcong, 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.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- 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 Lake Hopatcong, NJ (07849)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07849 Lake Hopatcong
ZIP 07849 in Lake Hopatcong, NJ carries a impressive set of headwinds. Home values near $538K and rents of $2,007/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 07849 can be a a strong candidate for hunting ground — but the discount at $538K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Lake Hopatcong have seen price recovery that 07849 has not matched. Morris County data supports the view that the spread is structural rather than temporary.
Who lives in 07849 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 07849 is an operator game, not a passive one. Put differently, entry prices of $538K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lake Hopatcong:
Property Strategy for 07849
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $375,428 | $2,230 | 4.3% | +8.4% | $187,714 |
| 3BR | $516,729 | $2,790 | 3.9% | +8.8% | $172,243 |
| 4BR | $749,767 | $3,170 | 3.0% | +9.2% | $187,442 |
Market Trends
Home Value History (with trend line)
📊 How Does 07849 Compare?
| Metric | 07849 | Lake Hopatcong | New Jersey |
|---|---|---|---|
| Home Value | $537,592 | $537,592 | $559,826 |
| 5-Year CAGR | 6.0% | 6.0% | 8.4% |
| Avg Rent | $2,007 | $2,007 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 07849 (Lake Hopatcong, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07849 (Lake Hopatcong, NJ)?
~25 seconds · no account needed · your report is anonymous
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 | $537,592 |
| Monthly Rent | $2,007 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.9%). 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 07849
Population: 8,475
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 07849
Schools in This ZIP Code
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
What are home prices like in Lake Hopatcong, NJ?
Lake Hopatcong, NJ median home values land near $538K. That is reasonable territory for investors looking at $2,007/mo-per-month rentals.
What is the typical renter like in Lake Hopatcong, NJ?
Lake Hopatcong, NJ draws a consistent base of working renters. Demand at the $2,007/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in Lake Hopatcong, NJ?
Expect elevated vacancy in Lake Hopatcong, NJ. Rents at $2,007/mo are absorbed by the tenant base without meaningful lag.
Is Lake Hopatcong, NJ landlord-friendly?
Lake Hopatcong, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
How should investors approach Lake Hopatcong, NJ?
For Lake Hopatcong, NJ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 07849 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07849 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 07849 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 07849 (Lake Hopatcong)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07849 (Lake Hopatcong, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.