Real Estate Investing in Washington, New Jersey (07882)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07882 (Washington, 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.
What’s happening in Washington, NJ (07882)?
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Market Analysis: 07882 Washington
This part of Warren County is not an easy win. The 07882 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,903/mo on a $422K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07882 sits below the stated 0.0% once reality is priced in.
Within NJ, ZIP 07882 trails on several market indicators that neighboring Warren County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 07882 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 07882 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Washington:
Property Strategy for 07882
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $320,941 | $1,960 | 4.4% | +11.9% | $160,471 |
| 3BR | $396,231 | $2,380 | 4.3% | +11.5% | $132,077 |
| 4BR | $548,728 | $2,770 | 3.6% | +11.8% | $137,182 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07882 Compare?
| Metric | 07882 | Washington | New Jersey |
|---|---|---|---|
| Home Value | $422,451 | $422,451 | $559,826 |
| 5-Year CAGR | 6.4% | 6.4% | 8.4% |
| Avg Rent | $1,903 | $1,903 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 07882 (Washington, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $422,451 |
| Monthly Rent | $1,903 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 07882
Population: 14,918
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 07882
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 558 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Washington, NJ?
Washington, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
How landlord-friendly is Washington, NJ?
Landlord-friendliness in Washington, NJ is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What type of investing works in Washington, NJ?
A careful cash-flow rentals with hands-on management strategy Washington, NJ best. The market produces predictable results for that approach at the $422K price point.
Is the tenant base reliable in Washington, NJ?
Tenant demand in Washington, NJ is solid. The local workforce $1,903/mo rents across most rental classes.
Is Washington in NJ worth investing in?
Our data puts Washington, NJ at 3.0/5 for investability. Home prices of $422K and rents around $1,903/mo create a solid backdrop for investor activity.
You know 07882 now. You don’t know where it ranks.
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How 07882 ranks in Allentown-Bethlehem-Easton, PA-NJ
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