How much is a home worth in ZIP code 07079?

The typical home in 07079 is worth $1,084,443, based on the Zillow Home Value Index.

Are home values rising in 07079?

Home values in 07079 are up 5.7% over the past year, and up 7.8% a year over five years.

What is the typical rent in 07079?

A typical home in 07079 rents for about $3,272 a month, a gross rental yield of 3.6%.

What is the property tax rate in 07079?

The effective property tax rate in 07079 is 2.4% — roughly $26,532 a year on a typical home.

ZIP code 07079 has a population of 18,539 and a median household income of $195,417.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07079

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

Typical home value

$1,084,443^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.7%
5-year / yr: +7.8%
10-year / yr: +6.5%

Relative price

vs U.S.: +281.8%
vs metro: +48.6%
vs state: +90.4%

Price history

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

The typical home in 07079 is worth $1,084,443 — 48.6% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.7%. Homes here rent for a typical $3,272 a month — a 3.6% gross rental yield. 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: $3,272^[2]
Gross yield: 3.6%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 2.4%^[3]
Typical annual tax: $26,532^[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: 18,539^[3]
Median household income: $195,417^[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: 5
Elementary: 2
Middle: 1
High: 1

South Orange Middle School
Middle · Grades 6–8 · South Orange-Maplewood School District
769 students
South Mountain Elementary School
Elementary · Grades PK–5 · South Orange-Maplewood School District
650 students
Marshall Elementary School
Elementary · Grades K–3 · South Orange-Maplewood School District
500 students
STEM Innovation Academy of the Oranges
High · Grades 9–12 · ORANGE BOARD OF EDUCATION School District
168 students
Montrose Early Childhood Center
Prekindergarten · Grades PK · South Orange-Maplewood School District
96 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 yield3.6%

Net yield (after ~40% expenses)2.2%

Annual rent$39,270

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$5,484

Loan principal$867,554

Down payment$216,889

Total interest paid$1,106,517

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 ratio2.63

Monthly cost to own$8,601

Monthly rent$3,272

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: 87th percentile^[1]
Rental yield: 14th percentile^[2]
Property tax: 97th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07079?: The typical home in 07079 is worth $1,084,443, based on the Zillow Home Value Index.
Are home values rising in 07079?: Home values in 07079 are up 5.7% over the past year, and up 7.8% a year over five years.
What is the typical rent in 07079?: A typical home in 07079 rents for about $3,272 a month, a gross rental yield of 3.6%.
What is the property tax rate in 07079?: The effective property tax rate in 07079 is 2.4% — roughly $26,532 a year on a typical home.
Who lives in 07079?: ZIP code 07079 has a population of 18,539 and a median household income of $195,417.

#Comparable ZIPs

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

07069 vs 07079 →
Watchung, NJ
Typical home
$1,082,185
Gross yield
—
11021 vs 07079 →
Great Neck Estates, NY
Typical home
$1,088,745
Gross yield
4.5%
07401
Allendale, NJ
Typical home
$1,089,752
Gross yield
—
11213
New York, NY
Typical home
$1,089,903
Gross yield
3.3%
07452
Glen Rock, NJ
Typical home
$1,078,676
Gross yield
—
11221
New York, NY
Typical home
$1,078,601
Gross yield
3.8%

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#Jump to section

U.S. ZIP Code · NJ07079

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