How much is a home worth in ZIP code 07055?

The typical home in 07055 is worth $555,871, based on the Zillow Home Value Index.

Are home values rising in 07055?

Home values in 07055 are up 1.5% over the past year, and up 6.8% a year over five years.

What is the typical rent in 07055?

A typical home in 07055 rents for about $2,156 a month, a gross rental yield of 4.7%.

What is the property tax rate in 07055?

The effective property tax rate in 07055 is 2.1% — roughly $11,814 a year on a typical home.

ZIP code 07055 has a population of 70,002 and a median household income of $55,371.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07055

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

Typical home value

$555,871^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +6.8%
10-year / yr: +8.4%

Relative price

vs U.S.: +95.7%
vs metro: -23.8%
vs state: -2.4%

Price history

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

The typical home in 07055 is worth $555,871 — 23.8% 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 $2,156 a month — a 4.7% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent: $2,156^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $11,814^[3]

#Climate risk

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

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

#Who lives here

Population: 70,002^[3]
Median household income: $55,371^[3]

#Migration

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

Net migration: -2,927^[5]
Moved in: 10,694
Moved out: 13,621

Schools

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

Public schools: 20
Elementary: 11
Middle: 3
High: 4

Passaic High School No. 12
High · Grades 9–12 · Passaic City School District
2,580 students
William B. Cruise Memorial School No. 11
Elementary · Grades K–8 · Passaic City School District
867 students
Passaic Preparatory Academy
High · Grades 6–12 · Passaic City School District
727 students
Martin Luther King Jr. School No. 6
Elementary · Grades PK–8 · Passaic City School District
720 students
Mario Drago School No. 3
Elementary · Grades PK–8 · Passaic City School District
711 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$25,875

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$2,811

Loan principal$444,696

Down payment$111,174

Total interest paid$567,186

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 ratio1.98

Monthly cost to own$4,261

Monthly rent$2,156

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: 65th percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 81st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for most populous in NJView list →

Frequently asked

How much is a home worth in ZIP code 07055?: The typical home in 07055 is worth $555,871, based on the Zillow Home Value Index.
Are home values rising in 07055?: Home values in 07055 are up 1.5% over the past year, and up 6.8% a year over five years.
What is the typical rent in 07055?: A typical home in 07055 rents for about $2,156 a month, a gross rental yield of 4.7%.
What is the property tax rate in 07055?: The effective property tax rate in 07055 is 2.1% — roughly $11,814 a year on a typical home.
Who lives in 07055?: ZIP code 07055 has a population of 70,002 and a median household income of $55,371.

#Comparable ZIPs

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

08830 vs 07055 →
Iselin CDP, NJ
Typical home
$555,343
Gross yield
6.6%
11722 vs 07055 →
Central Islip CDP, NY
Typical home
$557,177
Gross yield
6.0%
08826
Glen Gardner, NJ
Typical home
$557,612
Gross yield
—
08817
Rutgers University-Livingston Campus CDP, NJ
Typical home
$559,140
Gross yield
5.5%
11224
New York, NY
Typical home
$552,372
Gross yield
7.2%
10805
New Rochelle, NY
Typical home
$552,178
Gross yield
6.5%

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#Jump to section

U.S. ZIP Code · NJ07055

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