Real Estate Investing in Denville, New Jersey (07878)
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Should you buy in 07878 (Denville, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Denville, NJ (07878)?
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Market Analysis: 07878 Denville
Investors eyeing 07878 need to respect the fundamentals at play. Home values of $565K come alongside slower price movement and elevated management overhead.
For an experienced owner, 07878 can be a a credible choice for hunting ground — but the discount at $565K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 07878 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 07878 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to 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 Denville:
Market Trends
Home Value History (with trend line)
📊 How Does 07878 Compare?
| Metric | 07878 | Denville | New Jersey |
|---|---|---|---|
| Home Value | $564,862 | $622,696 | $559,826 |
| 5-Year CAGR | 6.1% | 6.1% | 8.4% |
| Avg Rent | $2,898 | $2,579 | - |
| Cap Rate | 4.0% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07878 (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 | $564,862 |
| Monthly Rent | $2,898 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.0%). 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 07878
Population: 712
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 07878
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alfred Vail School
Lakeview Elementary School
Morris Plains Borough School
Mountain Lakes High School
Riverview 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 1,705 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Denville, NJ?
Denville, NJ home values average about $565K. That price point suits investors targeting rentals with $2,898/mo in monthly income.
What kind of tenants rent in Denville, NJ?
Working renters make up the core of the Denville, NJ tenant base. The pool is reasonable for investors targeting long-term holds.
How does Denville, NJ rate as a rental market?
The 3.0/5 investability rating in Denville, NJ reflects its $565K prices and $2,898/mo rents. Investors generally consider it a solid option within NJ.
Is NJ a landlord-friendly state?
Denville, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
Do rentals sit vacant long in Denville, NJ?
Vacancy risk in Denville, NJ is elevated. That supports even-keeled cash flow for typical rental holds.
You know 07878 now. You don’t know where it ranks.
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How 07878 ranks in New York-Newark-Jersey City, NY-NJ-PA
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