ZIP comparison · New York-Newark-Jersey City, NY-NJ
07008 vs 11224
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP07008Carteret, NJ | ZIP11224New York, NY |
|---|---|---|
| Home value | ||
| Typical home value | $551,751 | Better: $552,372 |
| 1-year appreciation | Better: +5.1% | +3.8% |
| 5-year CAGR | Better: +7.3% | -2.0% |
| 10-year CAGR | Better: +8.1% | +5.9% |
| Rent & investment | ||
| Monthly rent | Better: $2,418 | $3,298 |
| Gross yield | 5.3% | Better: 7.2% |
| Cap rate | 3.2% | Better: 4.3% |
| Property tax | ||
| Effective tax rate | 1.8% | Better: 0.4% |
| Typical annual tax | $9,773 | Better: $2,367 |
| Demographics | ||
| Population | 25,526 | 50,822 |
| Median household income | Better: $97,021 | $43,648 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | Better: -3,628 | -11,517 |
| Schools | ||
| Public schools | 6 | 11 |
| Students enrolled | 3,926 | 6,055 |