How much is a home worth in ZIP code 07039?

The typical home in 07039 is worth $1,095,476, based on the Zillow Home Value Index.

Are home values rising in 07039?

Home values in 07039 are up 6.3% over the past year, and up 7.2% a year over five years.

What is the typical rent in 07039?

A typical home in 07039 rents for about $4,350 a month, a gross rental yield of 4.8%.

What is the property tax rate in 07039?

The effective property tax rate in 07039 is 1.9% — roughly $21,106 a year on a typical home.

ZIP code 07039 has a population of 31,488 and a median household income of $229,806.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07039

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

Typical home value

$1,095,476^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.3%
5-year / yr: +7.2%
10-year / yr: +5.1%

Relative price

vs U.S.: +285.6%
vs metro: +50.2%
vs state: +92.3%

Price history

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

The typical home in 07039 is worth $1,095,476 — 50.2% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 6.3%. Homes here rent for a typical $4,350 a month — a 4.8% 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: $4,350^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $21,106^[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: 31,488^[3]
Median household income: $229,806^[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: 9
Elementary: 6
Middle: 2
High: 1

Livingston High School
High · Grades 9–12 · Livingston Board of Education School District
2,081 students
Heritage Middle School
Middle · Grades 7–8 · Livingston Board of Education School District
1,004 students
Harrison Elementary School
Elementary · Grades K–5 · Livingston Board of Education School District
514 students
Hillside Elementary School
Elementary · Grades K–5 · Livingston Board of Education School District
487 students
Mount Pleasant Middle School
Middle · Grades 6 · Livingston Board of Education School District
487 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$52,205

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$5,539

Loan principal$876,381

Down payment$219,095

Total interest paid$1,117,776

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 ratio1.89

Monthly cost to own$8,214

Monthly rent$4,350

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: 75th percentile^[1]
Rental yield: 41st percentile^[2]
Property tax: 65th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07039?: The typical home in 07039 is worth $1,095,476, based on the Zillow Home Value Index.
Are home values rising in 07039?: Home values in 07039 are up 6.3% over the past year, and up 7.2% a year over five years.
What is the typical rent in 07039?: A typical home in 07039 rents for about $4,350 a month, a gross rental yield of 4.8%.
What is the property tax rate in 07039?: The effective property tax rate in 07039 is 1.9% — roughly $21,106 a year on a typical home.
Who lives in 07039?: ZIP code 07039 has a population of 31,488 and a median household income of $229,806.

#Comparable ZIPs

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

10536 vs 07039 →
Golden's Bridge CDP, NY
Typical home
$1,093,732
Gross yield
—
07720 vs 07039 →
Bradley Beach, NJ
Typical home
$1,098,143
Gross yield
2.9%
07733
NJ
Typical home
$1,091,976
Gross yield
—
07935
Green Village CDP, NJ
Typical home
$1,099,095
Gross yield
—
11213
New York, NY
Typical home
$1,089,903
Gross yield
3.3%
07401
Allendale, NJ
Typical home
$1,089,752
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07039

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