How much is a home worth in ZIP code 07840?

The typical home in 07840 is worth $491,873, based on the Zillow Home Value Index.

Are home values rising in 07840?

Home values in 07840 are up 2.6% over the past year, and up 6.6% a year over five years.

What is the typical rent in 07840?

A typical home in 07840 rents for about $2,659 a month, a gross rental yield of 6.5%.

What is the property tax rate in 07840?

The effective property tax rate in 07840 is 2.4% — roughly $11,760 a year on a typical home.

ZIP code 07840 has a population of 32,105 and a median household income of $105,866.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07840

Warren County · Allentown-Bethlehem-Easton, PA-NJ

Typical home value

$491,873^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +6.6%
10-year / yr: +5.6%

Relative price

vs U.S.: +73.2%
vs metro: +32.5%
vs state: -13.6%

Price history

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

The typical home in 07840 is worth $491,873 — 32.5% above the Allentown-Bethlehem-Easton, PA-NJ median. Over the past year, values have risen 2.6%. Homes here rent for a typical $2,659 a month — a 6.5% 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: $2,659^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 2.4%^[3]
Typical annual tax: $11,760^[3]

#Climate risk

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

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 32,105^[3]
Median household income: $105,866^[3]

#Migration

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

Net migration: +21^[5]
Moved in: 3,259
Moved out: 3,238

Schools

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

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

Hackettstown High School
High · Grades 9–12 · Hackettstown Public School District
889 students
Hackettstown Middle School
Middle · Grades 5–8 · Hackettstown Public School District
483 students
Willow Grove Elementary School
Elementary · Grades 2–4 · Hackettstown Public School District
354 students
Hatchery Hill Elementary School
Elementary · Grades PK–1 · Hackettstown Public School District
283 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 yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$31,910

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$2,487

Loan principal$393,498

Down payment$98,375

Total interest paid$501,885

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 ratio1.46

Monthly cost to own$3,877

Monthly rent$2,659

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: 55th percentile^[1]
Rental yield: 54th percentile^[2]
Property tax: 97th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07840?: The typical home in 07840 is worth $491,873, based on the Zillow Home Value Index.
Are home values rising in 07840?: Home values in 07840 are up 2.6% over the past year, and up 6.6% a year over five years.
What is the typical rent in 07840?: A typical home in 07840 rents for about $2,659 a month, a gross rental yield of 6.5%.
What is the property tax rate in 07840?: The effective property tax rate in 07840 is 2.4% — roughly $11,760 a year on a typical home.
Who lives in 07840?: ZIP code 07840 has a population of 32,105 and a median household income of $105,866.

#Comparable ZIPs

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

18059 vs 07840 →
Laurys Station CDP, PA
Typical home
$487,222
Gross yield
—
18092 vs 07840 →
PA
Typical home
$497,550
Gross yield
—
18036
Coopersburg, PA
Typical home
$501,108
Gross yield
6.1%
07825
Marksboro CDP, NJ
Typical home
$501,467
Gross yield
—
18031
Breinigsville CDP, PA
Typical home
$481,637
Gross yield
5.3%
07865
Port Murray CDP, NJ
Typical home
$503,079
Gross yield
—

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#Jump to section

U.S. ZIP Code · NJ07840

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