How much is a home worth in ZIP code 07424?

The typical home in 07424 is worth $629,722, based on the Zillow Home Value Index.

Are home values rising in 07424?

Home values in 07424 are up 3.8% over the past year, and up 5.8% a year over five years.

What is the typical rent in 07424?

A typical home in 07424 rents for about $2,782 a month, a gross rental yield of 5.3%.

What is the property tax rate in 07424?

The effective property tax rate in 07424 is 2.3% — roughly $14,546 a year on a typical home.

ZIP code 07424 has a population of 28,085 and a median household income of $105,050.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07424

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

Typical home value

$629,722^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.8%
5-year / yr: +5.8%
10-year / yr: +5.5%

Relative price

vs U.S.: +121.7%
vs metro: -13.7%
vs state: +10.6%

Price history

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

The typical home in 07424 is worth $629,722 — 13.7% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 3.8%. Homes here rent for a typical $2,782 a month — a 5.3% gross rental yield. The effective property tax rate is 2.3%.

#Rent & investment

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

Monthly rent: $2,782^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 2.3%^[3]
Typical annual tax: $14,546^[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: 28,085^[3]
Median household income: $105,050^[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: 9
Elementary: 5
Middle: 2
High: 1

Passaic Valley Regional High School
High · Grades 9–12 · Passaic Valley Regional High School District
1,060 students
John P. Holland Charter School
Elementary · Grades PK–8 · John P Holland Charter School School District
742 students
Charles Olbon School
Elementary · Grades PK–2 · Woodland Park School District
385 students
Little Falls Township Public School # 1
Middle · Grades 5–8 · Little Falls Township Public School District
381 students
Beatrice Gilmore School
Elementary · Grades 3–5 · Woodland Park School District
371 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$33,387

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$3,184

Loan principal$503,777

Down payment$125,944

Total interest paid$642,540

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 ratio1.77

Monthly cost to own$4,921

Monthly rent$2,782

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: 43rd percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07424?: The typical home in 07424 is worth $629,722, based on the Zillow Home Value Index.
Are home values rising in 07424?: Home values in 07424 are up 3.8% over the past year, and up 5.8% a year over five years.
What is the typical rent in 07424?: A typical home in 07424 rents for about $2,782 a month, a gross rental yield of 5.3%.
What is the property tax rate in 07424?: The effective property tax rate in 07424 is 2.3% — roughly $14,546 a year on a typical home.
Who lives in 07424?: ZIP code 07424 has a population of 28,085 and a median household income of $105,050.

#Comparable ZIPs

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

11364 vs 07424 →
New York, NY
Typical home
$628,500
Gross yield
5.5%
07010 vs 07424 →
Cliffside Park, NJ
Typical home
$631,598
Gross yield
5.1%
08810
Dayton CDP, NJ
Typical home
$631,665
Gross yield
—
11207
New York, NY
Typical home
$631,915
Gross yield
6.1%
11704
West Babylon CDP, NY
Typical home
$631,966
Gross yield
4.6%
07506
Hawthorne, NJ
Typical home
$632,081
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07424

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