Real Estate Investing in Bernardsville, New Jersey (07924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07924 (Bernardsville, 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.
- High price-to-rent: Price-to-rent ratio 34.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bernardsville, NJ (07924)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07924 Bernardsville
Not every below-median market is a bargain. Bernardsville's 07924 ZIP stands at signals that favor experienced operators who can absorb the risk $1.0M pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 07924 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 07924 sits on the difficult end of the NJ spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 07924 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 07924 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bernardsville:
Property Strategy for 07924
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $717,479 | $3,350 | 3.4% | +7.8% | $239,160 |
| 4BR | $1,064,169 | $3,700 | 2.5% | +9.0% | $266,042 |
| 5BR | $1,847,870 | — | — | +10.4% | $369,574 |
Market Trends
Home Value History (with trend line)
📊 How Does 07924 Compare?
| Metric | 07924 | Bernardsville | New Jersey |
|---|---|---|---|
| Home Value | $1,044,061 | $1,044,061 | $559,826 |
| 5-Year CAGR | 7.1% | 7.1% | 8.4% |
| Avg Rent | $2,511 | $2,511 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 07924 (Bernardsville, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 07924 (Bernardsville, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $1,044,061 |
| Monthly Rent | $2,511 |
| Price-to-Rent | 34.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (1.9%). 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 07924
Population: 7,756
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 07924
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 3,399 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Bernardsville, NJ?
Rental rates in Bernardsville, NJ average $2,511/mo. Tenant demand and $1.0M home values make the yield look reasonable by investor standards.
Should investors worry about vacancy in Bernardsville, NJ?
Bernardsville, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
Is Bernardsville, NJ a good market for buy-and-hold investors?
Our data puts Bernardsville, NJ at 3.0/5 for investability. Home prices of $1.0M and rents around $2,511/mo create a solid backdrop for investor activity.
Is Bernardsville, NJ a friendly market for rental owners?
For rental operators, Bernardsville, NJ rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What is the renter demographic in Bernardsville, NJ?
Tenant quality in Bernardsville, NJ ranks as solid. Landlords generally report even-keeled occupancy at market rents of $2,511/mo.
You know 07924 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07924 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 07924 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 07924 (Bernardsville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 07924 (Bernardsville, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.