HousingHandbookReference data

U.S. ZIP Code · NJ07043

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

Typical home value

$1,408,062[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+9.0%
5-year / yr
+9.4%
10-year / yr
+7.3%

Relative price

vs U.S.
+395.7%
vs metro
+93.0%
vs state
+147.2%
ZIP 07043 location in NJ
Location of ZIP 07043 in NJ

Price history

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

The typical home in 07043 is worth $1,408,062 — 93.0% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 9.0%. The effective property tax rate is 2.4%.

#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
2.4%[3]
Typical annual tax
$33,653[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
13,256[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

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$7,120
Loan principal$1,126,450
Down payment$281,612
Total interest paid$1,436,724

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$11,098
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
98th percentile[1]
Rental yield
[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 07043?
The typical home in 07043 is worth $1,408,062, based on the Zillow Home Value Index.
Are home values rising in 07043?
Home values in 07043 are up 9.0% over the past year, and up 9.4% a year over five years.
What is the property tax rate in 07043?
The effective property tax rate in 07043 is 2.4% — roughly $33,653 a year on a typical home.
Who lives in 07043?
ZIP code 07043 has a population of 13,256 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.

  • Fire Island CDP, NY

    Typical home
    $1,408,982
    Gross yield
  • Point Lookout CDP, NY

    Typical home
    $1,404,494
    Gross yield
  • Westhampton CDP, NY

    Typical home
    $1,394,250
    Gross yield
  • Spring Lake, NJ

    Typical home
    $1,422,874
    Gross yield
  • Harrison, NY

    Typical home
    $1,427,459
    Gross yield
    4.1%
  • Scotts Corners CDP, NY

    Typical home
    $1,427,780
    Gross yield

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