Real Estate Investing in Chatham, New Jersey (07928)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07928 (Chatham, 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.
- High price-to-rent: Price-to-rent ratio 34.7 — hard to cash-flow at these prices.
What’s happening in Chatham, NJ (07928)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07928 Chatham
Not every below-median market is a bargain. Chatham's 07928 ZIP stands at signals that favor experienced operators who can absorb the risk $1.4M pricing implies.
Rent of $3,362/mo on a $1.4M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07928 sits below the stated 0.0% once reality is priced in.
ZIP 07928's metrics run below Morris County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 07928 includes headwinds that any investor should price in. Income distribution skews lower than Chatham averages, and tenant stability requires active management.
Strategy in 07928 is an operator game, not a passive one. Meanwhile, entry prices of $1.4M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chatham:
Property Strategy for 07928
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $411,802 | $2,640 | 4.6% | +6.1% | $411,802 |
| 2BR | $580,417 | $3,190 | 4.0% | +6.7% | $290,208 |
| 3BR | $1,069,741 | $3,990 | 2.7% | +8.6% | $356,580 |
| 4BR | $1,485,252 | $4,540 | 2.2% | +9.2% | $371,313 |
| 5BR | $2,207,545 | — | — | +9.2% | $441,509 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07928 Compare?
| Metric | 07928 | Chatham | New Jersey |
|---|---|---|---|
| Home Value | $1,398,136 | $1,398,136 | $559,826 |
| 5-Year CAGR | 7.9% | 7.9% | 8.4% |
| Avg Rent | $3,362 | $3,362 | - |
| 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 07928 (Chatham, 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 | $1,398,136 |
| Monthly Rent | $3,362 |
| Price-to-Rent | 34.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +9.1% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 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 07928
Population: 19,667
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 07928
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brayton Elementary School
Central Avenue School
Lincoln-Hubbard Elementary School
Madison Junior School
New Providence High 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 1,034 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Chatham, NJ?
Rents in Chatham, NJ run near $3,362/mo. Compared with median home prices of $1.4M that produces solid gross yields for typical rentals.
How strict are landlord regulations in Chatham, NJ?
Chatham, NJ operates under NJ law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Where do home prices stand in Chatham, NJ?
Chatham, NJ home values average about $1.4M. That price point suits investors targeting rentals with $3,362/mo in monthly income.
Can I live-in-and-rent in Chatham, NJ?
House hacking in Chatham, NJ is a tougher. With home values around $1.4M and rents at $3,362/mo, owner-occupants can offset a meaningful share of PITI.
What investment strategy works best in Chatham, NJ?
Most investors in Chatham, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 07928 now. You don’t know where it ranks.
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How 07928 ranks in New York-Newark-Jersey City, NY-NJ-PA
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