How much is a home worth in ZIP code 07109?

The typical home in 07109 is worth $517,994, based on the Zillow Home Value Index.

Are home values rising in 07109?

Home values in 07109 are up 4.2% over the past year, and up 6.4% a year over five years.

What is the typical rent in 07109?

A typical home in 07109 rents for about $2,199 a month, a gross rental yield of 5.1%.

What is the property tax rate in 07109?

The effective property tax rate in 07109 is 2.5% — roughly $12,726 a year on a typical home.

ZIP code 07109 has a population of 37,984 and a median household income of $90,438.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07109

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

Typical home value

$517,994^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +6.4%
10-year / yr: +7.2%

Relative price

vs U.S.: +82.3%
vs metro: -29.0%
vs state: -9.1%

Price history

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

The typical home in 07109 is worth $517,994 — 29.0% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 4.2%. Homes here rent for a typical $2,199 a month — a 5.1% gross rental yield. The effective property tax rate is 2.5%.

#Rent & investment

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

Monthly rent: $2,199^[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: 2.5%^[3]
Typical annual tax: $12,726^[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: 37,984^[3]
Median household income: $90,438^[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: 10
Elementary: 7
Middle: 1
High: 1

Belleville High School
High · Grades 9–12 · Belleville Public School District
1,591 students
Belleville Middle School
Middle · Grades 7–8 · Belleville Public School District
709 students
Belleville PS8
Elementary · Grades PK–6 · Belleville Public School District
500 students
Belleville PS4
Elementary · Grades PK–6 · Belleville Public School District
438 students
Belleville PS7
Elementary · Grades PK–6 · Belleville Public School District
427 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$26,391

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$2,619

Loan principal$414,395

Down payment$103,599

Total interest paid$528,538

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 ratio1.87

Monthly cost to own$4,113

Monthly rent$2,199

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: 56th percentile^[1]
Rental yield: 55th percentile^[2]
Property tax: 97th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07109?: The typical home in 07109 is worth $517,994, based on the Zillow Home Value Index.
Are home values rising in 07109?: Home values in 07109 are up 4.2% over the past year, and up 6.4% a year over five years.
What is the typical rent in 07109?: A typical home in 07109 rents for about $2,199 a month, a gross rental yield of 5.1%.
What is the property tax rate in 07109?: The effective property tax rate in 07109 is 2.5% — roughly $12,726 a year on a typical home.
Who lives in 07109?: ZIP code 07109 has a population of 37,984 and a median household income of $90,438.

#Comparable ZIPs

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

10509 vs 07109 →
Peach Lake CDP, NY
Typical home
$518,604
Gross yield
—
07465 vs 07109 →
Wanaque, NJ
Typical home
$518,731
Gross yield
—
08723
NJ
Typical home
$516,853
Gross yield
6.2%
07721
Laurence Harbor CDP, NJ
Typical home
$516,822
Gross yield
—
10459
New York, NY
Typical home
$516,522
Gross yield
6.9%
07850
Landing CDP, NJ
Typical home
$519,878
Gross yield
—

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Pit ZIP 07109 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ07109

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