How much is a home worth in ZIP code 07006?

The typical home in 07006 is worth $848,619, based on the Zillow Home Value Index.

Are home values rising in 07006?

Home values in 07006 are up 4.9% over the past year, and up 6.3% a year over five years.

What is the typical rent in 07006?

A typical home in 07006 rents for about $2,678 a month, a gross rental yield of 3.8%.

What is the property tax rate in 07006?

The effective property tax rate in 07006 is 1.9% — roughly $15,816 a year on a typical home.

ZIP code 07006 has a population of 26,654 and a median household income of $149,102.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07006

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

Typical home value

$848,619^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.9%
5-year / yr: +6.3%
10-year / yr: +4.5%

Relative price

vs U.S.: +198.7%
vs metro: +16.3%
vs state: +49.0%

Price history

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

The typical home in 07006 is worth $848,619 — 16.3% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.9%. Homes here rent for a typical $2,678 a month — a 3.8% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent: $2,678^[2]
Gross yield: 3.8%^[2]
Cap rate: 2.3%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $15,816^[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: 26,654^[3]
Median household income: $149,102^[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: 12
Elementary: 6
Middle: 3
High: 3

West Essex High School
High · Grades 9–12 · West Essex Regional School District
1,055 students
James Caldwell High School
High · Grades 9–12 · Caldwell-West School District
772 students
West Essex Middle School
Middle · Grades 7–8 · West Essex Regional School District
622 students
Grover Cleveland Middle School
Middle · Grades 6–8 · Caldwell-West School District
579 students
Washington Elementary School
Elementary · Grades K–5 · Caldwell-West School District
402 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.

Home value$Monthly rent$

Gross yield3.8%

Net yield (after ~40% expenses)2.3%

Annual rent$32,140

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,291

Loan principal$678,895

Down payment$169,724

Total interest paid$865,894

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.36

Monthly cost to own$6,314

Monthly rent$2,678

Renting is meaningfully cheaper month-to-month.

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: 53rd percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 59th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07006?: The typical home in 07006 is worth $848,619, based on the Zillow Home Value Index.
Are home values rising in 07006?: Home values in 07006 are up 4.9% over the past year, and up 6.3% a year over five years.
What is the typical rent in 07006?: A typical home in 07006 rents for about $2,678 a month, a gross rental yield of 3.8%.
What is the property tax rate in 07006?: The effective property tax rate in 07006 is 1.9% — roughly $15,816 a year on a typical home.
Who lives in 07006?: ZIP code 07006 has a population of 26,654 and a median household income of $149,102.

#Comparable ZIPs

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

07661 vs 07006 →
River Edge, NJ
Typical home
$847,657
Gross yield
3.2%
08752 vs 07006 →
Seaside Park, NJ
Typical home
$852,245
Gross yield
—
10026
New York, NY
Typical home
$852,298
Gross yield
5.1%
07030
Hoboken, NJ
Typical home
$852,302
Gross yield
5.4%
07656
Park Ridge, NJ
Typical home
$844,121
Gross yield
4.8%
07642
Hillsdale, NJ
Typical home
$853,512
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07006

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