Real Estate Investing in Chester, New Jersey (07930)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07930 (Chester, 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 35.0 — 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 Chester, NJ (07930)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07930 Chester
This part of Morris County is not an easy win. The 07930 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $941K asset, 07930 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NJ, ZIP 07930 trails on several market indicators that neighboring Morris County submarkets outperform. The gap is real and durable enough to shape underwriting.
Who lives in 07930 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Chester's stable or hybrid ZIPs before stepping into 07930. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Chester:
Property Strategy for 07930
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $742,214 | $3,120 | 3.0% | +8.1% | $247,405 |
| 4BR | $1,024,373 | $3,540 | 2.5% | +9.1% | $256,093 |
| 5BR | $1,394,323 | — | — | +9.6% | $278,865 |
Market Trends
Home Value History (with trend line)
📊 How Does 07930 Compare?
| Metric | 07930 | Chester | New Jersey |
|---|---|---|---|
| Home Value | $940,521 | $940,521 | $559,826 |
| 5-Year CAGR | 6.1% | 6.1% | 8.4% |
| Avg Rent | $2,241 | $2,241 | - |
| 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 07930 (Chester, 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 | $940,521 |
| Monthly Rent | $2,241 |
| Price-to-Rent | 35.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 07930
Population: 8,205
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 07930
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 3,417 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Chester, NJ?
Chester, NJ rentals go for roughly $2,241/mo a month. That puts gross yield in solid territory relative to $941K acquisition costs.
What is it like being a landlord in Chester, NJ?
NJ law tenant-protective for landlords, and Chester inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of market is Chester, NJ for investors?
Our data puts Chester, NJ at 3.0/5 for investability. Home prices of $941K and rents around $2,241/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in Chester, NJ?
The tenant pool in Chester, NJ is solid, supported by local employment and population fundamentals. Rents of $2,241/mo are well-absorbed by the market.
Do landlords face vacancy issues in Chester, NJ?
Rental vacancy in Chester, NJ is elevated. Investors should budget normal turnover but not chronic empty units.
You know 07930 now. You don’t know where it ranks.
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How 07930 ranks in New York-Newark-Jersey City, NY-NJ-PA
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