How much is a home worth in ZIP code 07646?

The typical home in 07646 is worth $731,042, based on the Zillow Home Value Index.

Are home values rising in 07646?

Home values in 07646 are up 8.0% over the past year, and up 6.9% a year over five years.

What is the typical rent in 07646?

A typical home in 07646 rents for about $4,200 a month, a gross rental yield of 6.9%.

What is the property tax rate in 07646?

The effective property tax rate in 07646 is 2.2% — roughly $16,364 a year on a typical home.

ZIP code 07646 has a population of 16,995 and a median household income of $114,889.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07646

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

Typical home value

$731,042^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +8.0%
5-year / yr: +6.9%
10-year / yr: +6.1%

Relative price

vs U.S.: +157.3%
vs metro: ≈ metro median
vs state: +28.4%

Price history

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

The typical home in 07646 is worth $731,042. Over the past year, values have risen 8.0%. Homes here rent for a typical $4,200 a month — a 6.9% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $4,200^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $16,364^[3]

#Climate risk

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

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

#Who lives here

Population: 16,995^[3]
Median household income: $114,889^[3]

#Migration

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

Net migration: -2,294^[5]
Moved in: 22,624
Moved out: 24,918

Schools

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

Public schools: 4
Elementary: 2
Middle: 1
High: 1

New Milford High School
High · Grades 9–12 · New Milford Public School District
580 students
David E. Owens Middle School
Middle · Grades 6–8 · New Milford Public School District
514 students
Bertrand F. Gibbs Elementary School
Elementary · Grades PK–5 · New Milford Public School District
508 students
Berkley Street School
Elementary · Grades PK–5 · New Milford Public School District
434 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 yield6.9%

Net yield (after ~40% expenses)4.1%

Annual rent$50,400

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$3,697

Loan principal$584,834

Down payment$146,208

Total interest paid$745,924

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 ratio1.35

Monthly cost to own$5,670

Monthly rent$4,200

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: 68th percentile^[1]
Rental yield: 91st percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07646?: The typical home in 07646 is worth $731,042, based on the Zillow Home Value Index.
Are home values rising in 07646?: Home values in 07646 are up 8.0% over the past year, and up 6.9% a year over five years.
What is the typical rent in 07646?: A typical home in 07646 rents for about $4,200 a month, a gross rental yield of 6.9%.
What is the property tax rate in 07646?: The effective property tax rate in 07646 is 2.2% — roughly $16,364 a year on a typical home.
Who lives in 07646?: ZIP code 07646 has a population of 16,995 and a median household income of $114,889.

#Comparable ZIPs

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

08807 vs 07646 →
Martinsville CDP, NJ
Typical home
$730,718
Gross yield
4.6%
10983 vs 07646 →
Tappan CDP, NY
Typical home
$732,174
Gross yield
—
11208
New York, NY
Typical home
$729,721
Gross yield
5.1%
10308
New York, NY
Typical home
$729,548
Gross yield
—
07950
Morris Plains, NJ
Typical home
$729,375
Gross yield
5.9%
11412
New York, NY
Typical home
$729,162
Gross yield
5.3%

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Pit ZIP 07646 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ07646

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