How much is a home worth in ZIP code 07044?

The typical home in 07044 is worth $759,831, based on the Zillow Home Value Index.

Are home values rising in 07044?

Home values in 07044 are up 6.5% over the past year, and up 7.5% a year over five years.

What is the typical rent in 07044?

A typical home in 07044 rents for about $3,219 a month, a gross rental yield of 5.1%.

What is the property tax rate in 07044?

The effective property tax rate in 07044 is 2.2% — roughly $16,460 a year on a typical home.

ZIP code 07044 has a population of 14,545 and a median household income of $161,843.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07044

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

Typical home value

$759,831^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.5%
5-year / yr: +7.5%
10-year / yr: +5.7%

Relative price

vs U.S.: +167.5%
vs metro: +4.2%
vs state: +33.4%

Price history

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

The typical home in 07044 is worth $759,831 — 4.2% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 6.5%. Homes here rent for a typical $3,219 a month — a 5.1% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $3,219^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $16,460^[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: 14,545^[3]
Median household income: $161,843^[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: 6
Elementary: 4
Middle: 1
High: 1

Henry B. Whitehorne Middle School
Middle · Grades 5–8 · Verona Public School District
668 students
Verona High School
High · Grades 9–12 · Verona Public School District
628 students
Frederic N. Brown Elementary School
Elementary · Grades K–4 · Verona Public School District
269 students
Laning Avenue School
Elementary · Grades PK–4 · Verona Public School District
249 students
Forest Avenue School
Elementary · Grades K–4 · Verona Public School District
234 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 yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$38,625

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$3,842

Loan principal$607,865

Down payment$151,966

Total interest paid$775,298

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 ratio1.82

Monthly cost to own$5,849

Monthly rent$3,219

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: 83rd percentile^[1]
Rental yield: 55th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07044?: The typical home in 07044 is worth $759,831, based on the Zillow Home Value Index.
Are home values rising in 07044?: Home values in 07044 are up 6.5% over the past year, and up 7.5% a year over five years.
What is the typical rent in 07044?: A typical home in 07044 rents for about $3,219 a month, a gross rental yield of 5.1%.
What is the property tax rate in 07044?: The effective property tax rate in 07044 is 2.2% — roughly $16,460 a year on a typical home.
Who lives in 07044?: ZIP code 07044 has a population of 14,545 and a median household income of $161,843.

#Comparable ZIPs

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

08512 vs 07044 →
Cranbury CDP, NJ
Typical home
$759,994
Gross yield
—
07830 vs 07044 →
Califon, NJ
Typical home
$760,165
Gross yield
—
11767
Nesconset CDP, NY
Typical home
$760,380
Gross yield
—
07009
Great Notch CDP, NJ
Typical home
$759,247
Gross yield
—
11731
East Northport CDP, NY
Typical home
$759,185
Gross yield
4.0%
07980
Stirling CDP, NJ
Typical home
$761,137
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07044

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