HousingHandbookReference data

U.S. ZIP Code · NJ07004

Essex County · New York-Newark-Jersey City, NY-NJ

Typical home value

$816,521[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.6%
5-year / yr
+5.3%
10-year / yr
+5.2%

Relative price

vs U.S.
+187.4%
vs metro
+11.9%
vs state
+43.4%
ZIP 07004 location in NJ
Location of ZIP 07004 in NJ

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07004 is worth $816,521 — 11.9% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.6%. The effective property tax rate is 1.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.7%[3]
Typical annual tax
$13,595[3]

#Climate risk

FEMA National Risk Index ratings for Essex County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
Very Low
Heat wave
Relatively High
Hurricane
Relatively Moderate
Tornado
Relatively High
Earthquake
Relatively Moderate
Winter weather
Very High

#Who lives here

Population
7,824[3]
Median household income
$115,980[3]

#Migration

Household moves in and out of Essex County over a year, from IRS tax-return data.

Net migration
-3,761[5]
Moved in
19,593
Moved out
23,354

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
2
Middle
0
High
2
  • Winston S. Churchill School

    Elementary · Grades 3–6 · Fairfield Public School District

    384 students

  • Adlai E. Stevenson School

    Elementary · Grades PK–2 · Fairfield Public School District

    319 students

  • Essex Campus Academy

    High · Grades 9–12 · Essex Regional Educational Services Commission

    50 students

  • Essex High School

    High · Grades 9–12 · Essex Regional Educational Services Commission

    8 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$4,129
Loan principal$653,216
Down payment$163,304
Total interest paid$833,142

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$5,939
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
31st percentile[1]
Rental yield
[2]
Property tax
44th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07004?
The typical home in 07004 is worth $816,521, based on the Zillow Home Value Index.
Are home values rising in 07004?
Home values in 07004 are up 5.6% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 07004?
The effective property tax rate in 07004 is 1.7% — roughly $13,595 a year on a typical home.
Who lives in 07004?
ZIP code 07004 has a population of 7,824 and a median household income of $115,980.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • New York, NY

    Typical home
    $816,301
    Gross yield
  • Pine Brook CDP, NJ

    Typical home
    $816,173
    Gross yield
  • South Plainfield, NJ

    Typical home
    $817,344
    Gross yield
    4.4%
  • Peach Lake CDP, NY

    Typical home
    $815,231
    Gross yield
  • New York, NY

    Typical home
    $814,540
    Gross yield
    3.9%
  • Tinton Falls, NJ

    Typical home
    $818,701
    Gross yield

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