How much is a home worth in ZIP code 07047?

The typical home in 07047 is worth $583,793, based on the Zillow Home Value Index.

Are home values rising in 07047?

Home values in 07047 are up 1.5% over the past year, and up 5.4% a year over five years.

What is the typical rent in 07047?

A typical home in 07047 rents for about $2,700 a month, a gross rental yield of 5.5%.

What is the property tax rate in 07047?

The effective property tax rate in 07047 is 1.7% — roughly $9,859 a year on a typical home.

ZIP code 07047 has a population of 61,250 and a median household income of $78,911.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07047

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

Typical home value

$583,793^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +5.4%
10-year / yr: +7.0%

Relative price

vs U.S.: +105.5%
vs metro: -20.0%
vs state: +2.5%

Price history

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

The typical home in 07047 is worth $583,793 — 20.0% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 1.5%. Homes here rent for a typical $2,700 a month — a 5.5% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $2,700^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $9,859^[3]

#Climate risk

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

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

#Who lives here

Population: 61,250^[3]
Median household income: $78,911^[3]

#Migration

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

Net migration: -1,142^[5]
Moved in: 29,898
Moved out: 31,040

Schools

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

Public schools: 8
Elementary: 7
Middle: 0
High: 1

North Bergen High School
High · Grades 9–12 · North Bergen School District
2,384 students
Lincoln Elementary School
Elementary · Grades PK–8 · North Bergen School District
1,209 students
Horace Mann Elementary School
Elementary · Grades 1–8 · North Bergen School District
968 students
Robert Fulton Elementary School
Elementary · Grades 1–8 · North Bergen School District
885 students
John F Kennedy Elementary School
Elementary · Grades 1–8 · North Bergen School District
566 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$32,394

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$2,952

Loan principal$467,035

Down payment$116,759

Total interest paid$595,677

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 ratio1.58

Monthly cost to own$4,261

Monthly rent$2,700

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: 33rd percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 46th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for most populous in NJView list →

Frequently asked

How much is a home worth in ZIP code 07047?: The typical home in 07047 is worth $583,793, based on the Zillow Home Value Index.
Are home values rising in 07047?: Home values in 07047 are up 1.5% over the past year, and up 5.4% a year over five years.
What is the typical rent in 07047?: A typical home in 07047 rents for about $2,700 a month, a gross rental yield of 5.5%.
What is the property tax rate in 07047?: The effective property tax rate in 07047 is 1.7% — roughly $9,859 a year on a typical home.
Who lives in 07047?: ZIP code 07047 has a population of 61,250 and a median household income of $78,911.

#Comparable ZIPs

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

08904 vs 07047 →
Highland Park, NJ
Typical home
$584,222
Gross yield
5.0%
11726 vs 07047 →
Copiague CDP, NY
Typical home
$582,951
Gross yield
4.8%
10553
Mount Vernon, NY
Typical home
$585,370
Gross yield
—
11784
Selden CDP, NY
Typical home
$585,937
Gross yield
7.4%
07032
Kearny, NJ
Typical home
$581,183
Gross yield
5.0%
08812
Dunellen, NJ
Typical home
$581,160
Gross yield
5.3%

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Pit ZIP 07047 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ07047

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