Real Estate Investing in Island Heights, New Jersey (08732)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08732 (Island Heights, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.5 — 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 Island Heights, NJ (08732)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08732 Island Heights
Investors eyeing 08732 need to respect the fundamentals at play. Home values of $661K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $661K purchase price, 0.0% nominal cap — the work to hit that pro forma in 08732 is substantial and deserves full respect.
ZIP 08732's metrics run below Ocean County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 08732 ZIP's population of 1,552 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
New investors are better served looking at Island Heights's stable or hybrid ZIPs before stepping into 08732. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Island Heights:
Property Strategy for 08732
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $597,002 | $2,920 | 3.5% | +10.4% | $199,001 |
| 4BR | $792,100 | $3,230 | 2.9% | +11.2% | $198,025 |
Market Trends
Home Value History (with trend line)
📊 How Does 08732 Compare?
| Metric | 08732 | Island Heights | New Jersey |
|---|---|---|---|
| Home Value | $661,314 | $661,314 | $559,826 |
| 5-Year CAGR | 7.2% | 7.2% | 8.4% |
| Avg Rent | $2,007 | $2,007 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 08732 (Island Heights, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Ocean County
Manage rentals here? List your business →Horizon Real Estate and Property Management, Inc. provides homeowner association management services to Manchester, NJ area communities, including condo management. summary from their website
Renaissance Professional Property Management serves Long Beach Island, NJ. 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 | $661,314 |
| Monthly Rent | $2,007 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.4%). 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 08732
Population: 1,552
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 08732
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Toms River Intermediate School North
East Dover Elementary School
Hooper Avenue Elementary School
North Dover Elementary School
Pine Beach 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 1,857 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Island Heights, NJ?
The tenant pool in Island Heights, NJ is solid, supported by local employment and population fundamentals. Rents of $2,007/mo are well-absorbed by the market.
Should investors consider Island Heights, NJ?
With a 3.0/5 investability score, Island Heights, NJ ranks as a solid market for rental property investors. Median prices of $661K and rents of $2,007/mo drive the underlying numbers.
What is the average home sale price in Island Heights, NJ?
Typical homes in Island Heights, NJ go for around $661K. The 5-year CAGR of 0.0% stable price movement.
Which investment style suits Island Heights, NJ?
A careful cash-flow rentals with hands-on management strategy Island Heights, NJ best. The market produces even-keeled results for that approach at the $661K price point.
Are landlord laws favorable in Island Heights, NJ?
Rental owners in Island Heights, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 08732 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 08732 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 08732 ranks in New York-Newark-Jersey City, NY-NJ-PA
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