How much is a home worth in ZIP code 07111?

The typical home in 07111 is worth $423,208, based on the Zillow Home Value Index.

Are home values rising in 07111?

Home values in 07111 are up 5.3% over the past year, and up 7.6% a year over five years.

What is the typical rent in 07111?

A typical home in 07111 rents for about $1,963 a month, a gross rental yield of 5.6%.

What is the property tax rate in 07111?

The effective property tax rate in 07111 is 2.1% — roughly $9,027 a year on a typical home.

ZIP code 07111 has a population of 60,867 and a median household income of $61,609.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07111

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

Typical home value

$423,208^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.3%
5-year / yr: +7.6%
10-year / yr: +12.6%

Relative price

vs U.S.: +49.0%
vs metro: -42.0%
vs state: -25.7%

Price history

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

The typical home in 07111 is worth $423,208 — 42.0% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.3%. Homes here rent for a typical $1,963 a month — a 5.6% 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: $1,963^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $9,027^[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: 60,867^[3]
Median household income: $61,609^[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: 13
Elementary: 9
Middle: 2
High: 1

Irvington High School
High · Grades 9–12 · Irvington Public School District
1,752 students
Union Avenue Middle School
Middle · Grades 6–8 · Irvington Public School District
728 students
University Middle School
Middle · Grades 6–8 · Irvington Public School District
665 students
Florence Avenue Elementary School
Elementary · Grades K–5 · Irvington Public School District
628 students
Mt. Vernon Avenue Elementary School
Elementary · Grades PK–5 · Irvington Public School District
522 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$23,560

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$2,140

Loan principal$338,566

Down payment$84,642

Total interest paid$431,823

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 ratio1.65

Monthly cost to own$3,244

Monthly rent$1,963

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: 84th percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 81st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 07111?: The typical home in 07111 is worth $423,208, based on the Zillow Home Value Index.
Are home values rising in 07111?: Home values in 07111 are up 5.3% over the past year, and up 7.6% a year over five years.
What is the typical rent in 07111?: A typical home in 07111 rents for about $1,963 a month, a gross rental yield of 5.6%.
What is the property tax rate in 07111?: The effective property tax rate in 07111 is 2.1% — roughly $9,027 a year on a typical home.
Who lives in 07111?: ZIP code 07111 has a population of 60,867 and a median household income of $61,609.

#Comparable ZIPs

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

11372 vs 07111 →
New York, NY
Typical home
$423,253
Gross yield
6.7%
11374 vs 07111 →
New York, NY
Typical home
$424,047
Gross yield
8.5%
08828
Helmetta, NJ
Typical home
$425,961
Gross yield
—
07439
Ogdensburg, NJ
Typical home
$427,122
Gross yield
—
08823
Pleasant Plains CDP, NJ
Typical home
$418,633
Gross yield
7.0%
10537
NY
Typical home
$418,397
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07111

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