How much is a home worth in ZIP code 07012?

The typical home in 07012 is worth $647,863, based on the Zillow Home Value Index.

Are home values rising in 07012?

Home values in 07012 are up 3.4% over the past year, and up 7.4% a year over five years.

What is the typical rent in 07012?

A typical home in 07012 rents for about $2,720 a month, a gross rental yield of 5.0%.

What is the property tax rate in 07012?

The effective property tax rate in 07012 is 2.0% — roughly $13,244 a year on a typical home.

ZIP code 07012 has a population of 14,653 and a median household income of $101,737.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07012

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

Typical home value

$647,863^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.4%
5-year / yr: +7.4%
10-year / yr: +6.6%

Relative price

vs U.S.: +128.1%
vs metro: -11.2%
vs state: +13.8%

Price history

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

The typical home in 07012 is worth $647,863 — 11.2% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.4%. Homes here rent for a typical $2,720 a month — a 5.0% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

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

Monthly rent: $2,720^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 2.0%^[3]
Typical annual tax: $13,244^[3]

#Climate risk

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

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

#Who lives here

Population: 14,653^[3]
Median household income: $101,737^[3]

#Migration

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

Net migration: -2,927^[5]
Moved in: 10,694
Moved out: 13,621

Schools

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

Public schools: 4
Elementary: 2
Middle: 0
High: 0

School #14
Elementary · Grades PK–5 · Clifton Public School District
375 students
School #9
Elementary · Grades PK–5 · Clifton Public School District
301 students
Clifton Early Learner Academies - Brighton
Prekindergarten · Grades PK · Clifton Public School District
271 students
Clifton Early Learner Academies - Allwood
Prekindergarten · Grades PK · Clifton Public School District
48 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 yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$32,642

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$3,276

Loan principal$518,290

Down payment$129,573

Total interest paid$661,051

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 ratio1.81

Monthly cost to own$4,917

Monthly rent$2,720

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: 81st percentile^[1]
Rental yield: 52nd percentile^[2]
Property tax: 74th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07012?: The typical home in 07012 is worth $647,863, based on the Zillow Home Value Index.
Are home values rising in 07012?: Home values in 07012 are up 3.4% over the past year, and up 7.4% a year over five years.
What is the typical rent in 07012?: A typical home in 07012 rents for about $2,720 a month, a gross rental yield of 5.0%.
What is the property tax rate in 07012?: The effective property tax rate in 07012 is 2.0% — roughly $13,244 a year on a typical home.
Who lives in 07012?: ZIP code 07012 has a population of 14,653 and a median household income of $101,737.

#Comparable ZIPs

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

11741 vs 07012 →
Holbrook CDP, NY
Typical home
$648,030
Gross yield
5.2%
07747 vs 07012 →
Matawan, NJ
Typical home
$648,216
Gross yield
4.7%
11751
Islip CDP, NY
Typical home
$649,283
Gross yield
—
10980
Stony Point CDP, NY
Typical home
$645,012
Gross yield
—
07022
Fairview, NJ
Typical home
$650,776
Gross yield
4.2%
11729
Deer Park CDP, NY
Typical home
$651,108
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 07012 against any other ZIP — full side-by-side table.

Compare 07012 →

#Jump to section

U.S. ZIP Code · NJ07012

Get more data on ZIPs like this

Get more data on ZIPs like this