HousingHandbookReference data

U.S. ZIP Code · NJ07021

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

Typical home value

$1,449,078[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.5%
5-year / yr
+8.2%
10-year / yr
+5.8%

Relative price

vs U.S.
+410.1%
vs metro
+98.6%
vs state
+154.4%
ZIP 07021 location in NJ
Location of ZIP 07021 in NJ

Price history

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

The typical home in 07021 is worth $1,449,078 — 98.6% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 8.5%. The effective property tax rate is 1.6%.

#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
1.6%[3]
Typical annual tax
$22,648[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
2,361[3]
Median household income
$250,001[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
1
Elementary
1
Middle
0
High
0
  • Essex Fells Elementary School

    Elementary · Grades PK–6 · Essex Fells School District

    247 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$7,327
Loan principal$1,159,262
Down payment$289,816
Total interest paid$1,478,575

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$10,419
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
90th percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07021?
The typical home in 07021 is worth $1,449,078, based on the Zillow Home Value Index.
Are home values rising in 07021?
Home values in 07021 are up 8.5% over the past year, and up 8.2% a year over five years.
What is the property tax rate in 07021?
The effective property tax rate in 07021 is 1.6% — roughly $22,648 a year on a typical home.
Who lives in 07021?
ZIP code 07021 has a population of 2,361 and a median household income of $250,001.

#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
    $1,454,844
    Gross yield
    3.4%
  • New York, NY

    Typical home
    $1,442,748
    Gross yield
  • New York, NY

    Typical home
    $1,438,104
    Gross yield
  • New York, NY

    Typical home
    $1,460,214
    Gross yield
    3.3%
  • New York, NY

    Typical home
    $1,464,787
    Gross yield
    3.3%
  • Chappaqua CDP, NY

    Typical home
    $1,465,857
    Gross yield
    3.5%

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