Real Estate Investing in Kendall Park, New Jersey (08824)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08824 (Kendall Park, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 26.4 — hard to cash-flow at these prices.
What’s happening in Kendall Park, NJ (08824)?
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Market Analysis: 08824 Kendall Park
Investors eyeing 08824 need to respect the fundamentals at play. Home values of $735K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $735K asset, 08824 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 08824 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 13,866 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Kendall Park's stable or hybrid ZIPs before stepping into 08824. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Kendall Park:
Property Strategy for 08824
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $609,465 | $3,560 | 4.2% | +9.1% | $203,155 |
| 4BR | $798,905 | $3,940 | 3.6% | — | $199,726 |
| 5BR | $902,827 | — | — | +9.1% | $180,565 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08824 Compare?
| Metric | 08824 | Kendall Park | New Jersey |
|---|---|---|---|
| Home Value | $735,489 | $735,489 | $559,826 |
| 5-Year CAGR | 6.3% | 6.3% | 8.4% |
| Avg Rent | $2,325 | $2,325 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 08824 (Kendall Park, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $735,489 |
| Monthly Rent | $2,325 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (2.5%). 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 08824
Population: 13,866
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 08824
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brooks Crossing Elementary School
Claremont Elementary School
Franklin Park School
Crossroads South Middle School
Monmouth Junction 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 2,429 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Kendall Park, NJ?
Investors in Kendall Park, NJ typically see rents near $2,325/mo per month against $735K home values - a solid setup for rental cash flow.
Are landlord laws favorable in Kendall Park, NJ?
NJ ranks as a tenant-protective state for landlord-tenant law. Kendall Park generally follows the statewide framework, so landlords face reasonable operating rules.
Is Kendall Park, NJ a smart market for rental property?
Our data puts Kendall Park, NJ at 3.0/5 for investability. Home prices of $735K and rents around $2,325/mo create a solid backdrop for investor activity.
Are renters plentiful in Kendall Park, NJ?
The renter base in Kendall Park, NJ is reasonable for the $2,325/mo price point. Screening well and pricing to market typically yields predictable tenants.
How high is vacancy risk in Kendall Park, NJ?
Kendall Park, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 08824 now. You don’t know where it ranks.
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How 08824 ranks in New York-Newark-Jersey City, NY-NJ-PA
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