Gross rental yield of 3.65% — ranked #256 of 275 New Jersey ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +5.5% | +30.9% |
| Market rent | +4.9% | +37.4% |
Metro: New York-Newark-Jersey City, NY-NJ-PA · County: Essex County · Annual rent: $35,652
Similar home values, sorted by yield — the cheapest way to see if 07042 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 07645 | Montvale | NJ | $943,118 | $4,257 | 5.42% | 18.5 | +5.0% |
| 07920 | Basking Ridge | NJ | $947,125 | $3,805 | 4.82% | 20.7 | +4.0% |
| 07675 | River Vale | NJ | $931,238 | $3,447 | 4.44% | 22.5 | +6.6% |
| 08540 | Princeton | NJ | $995,135 | $3,509 | 4.23% | 23.6 | +2.4% |
| 07058 | Pine Brook | NJ | $931,967 | $2,916 | 3.75% | 26.6 | +3.9% |
| 07040 | Maplewood | NJ | $990,539 | $2,705 | 3.28% | 30.5 | +4.9% |
| 07756 | Neptune Township | NJ | $949,467 | $2,558 | 3.23% | 30.9 | +5.3% |
| 07650 | Palisades Park | NJ | $995,510 | $2,666 | 3.21% | 31.1 | +8.8% |
Top rental yields in all of New Jersey →
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