Real Estate Investing in Highland Park, New Jersey (08904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 08904 (Highland Park, 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.
What’s happening in Highland Park, NJ (08904)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 08904 Highland Park
The 08904 ZIP covers a section of Highland Park that demands careful diligence. Prices near $601K look accessible, but the work to make a deal cash flow is real.
Rent of $2,393/mo on a $601K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 08904 sits below the stated 0.0% once reality is priced in.
Regionally, 08904 sits on the difficult end of the NJ spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 08904 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Highland Park:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 08904 Compare?
| Metric | 08904 | Highland Park | New Jersey |
|---|---|---|---|
| Home Value | $601,053 | $601,053 | $559,826 |
| 5-Year CAGR | 6.4% | 6.4% | 8.4% |
| Avg Rent | $2,393 | $2,393 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 08904 (Highland Park, NJ). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 08904 (Highland Park, NJ)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $601,053 |
| Monthly Rent | $2,393 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.1%). 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 08904
Population: 14,981
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 08904
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
A Chester Redshaw School
Blanquita B. Valenti Community School
John Marshall Elementary School
Lincoln Elementary School
Lindeneau 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 5,698 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Highland Park, NJ?
Typical homes in Highland Park, NJ go for around $601K. The 5-year CAGR of 0.0% consistent price movement.
Where do rents currently stand in Highland Park, NJ?
Rents in Highland Park, NJ run near $2,393/mo. Compared with median home prices of $601K that produces solid gross yields for typical rentals.
Are tenants stable in Highland Park, NJ?
The renter base in Highland Park, NJ is reasonable for the $2,393/mo price point. Screening well and pricing to market typically yields steady tenants.
Are landlord laws favorable in Highland Park, NJ?
NJ ranks as a tenant-protective state for landlord-tenant law. Highland Park generally follows the statewide framework, so landlords face reasonable operating rules.
Is house hacking profitable in Highland Park, NJ?
House hacking in Highland Park, NJ is a challenging. With home values around $601K and rents at $2,393/mo, owner-occupants can offset a meaningful share of PITI.
You know 08904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 08904 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 08904 ranks in New York-Newark-Jersey City, NY-NJ-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 08904 (Highland Park)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 08904 (Highland Park, NJ).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.