Real Estate Investing in Point Pleasant, New Jersey (08742)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08742 (Point Pleasant, 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: 16.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Point Pleasant, NJ (08742)?
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Market Analysis: 08742 Point Pleasant
The 08742 ZIP in Point Pleasant, NJ is a local-operator market. Outside capital chasing a $885K entry has to pair deep knowledge with the discount.
For an experienced owner, 08742 can be a a solid fit for hunting ground — but the discount at $885K reflects genuine risk that outside investors often underestimate.
In the broader NJ picture, 08742 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 08742 includes headwinds that any investor should price in. Income distribution skews lower than Point Pleasant averages, and tenant stability requires active management.
The 08742 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 Point Pleasant:
Property Strategy for 08742
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $375,431 | $2,040 | 3.9% | +7.4% | $375,431 |
| 2BR | $583,121 | $2,510 | 3.1% | +10.0% | $291,561 |
| 3BR | $738,062 | $3,280 | 3.2% | +10.5% | $246,021 |
| 4BR | $1,008,518 | $3,630 | 2.6% | +11.1% | $252,130 |
| 5BR | $1,684,145 | — | — | +11.4% | $336,829 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08742 Compare?
| Metric | 08742 | Point Pleasant | New Jersey |
|---|---|---|---|
| Home Value | $885,209 | $885,209 | $559,826 |
| 5-Year CAGR | 8.0% | 8.0% | 8.4% |
| Avg Rent | $3,259 | $3,259 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 08742 (Point Pleasant, 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 | $885,209 |
| Monthly Rent | $3,259 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +17.4% ▲ |
| 3-Year CAGR | +18.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 08742
Population: 25,558
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 08742
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brielle Elementary School
Lanes Mill Elementary School
Manasquan Elementary School
Veterans Memorial Elementary School
Manasquan 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
Frequently Asked Questions
What is the average monthly rent in Point Pleasant, NJ?
Expect rents around $3,259/mo per month in Point Pleasant, NJ. With home values at $885K, the yield math works out to reasonable levels for rental investors.
Is Point Pleasant, NJ a good market for FHA house hackers?
Point Pleasant, NJ is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $885K price point reasonable to enter.
What is the median home value in Point Pleasant, NJ?
Expect median prices around $885K in Point Pleasant, NJ. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Is rental property easy to operate in Point Pleasant, NJ?
The landlord environment in Point Pleasant, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How qualified is the tenant pool in Point Pleasant, NJ?
Expect a solid tenant pool in Point Pleasant, NJ. The rental market absorbs $3,259/mo rents without meaningful friction.
You know 08742 now. You don’t know where it ranks.
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How 08742 ranks in New York-Newark-Jersey City, NY-NJ-PA
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