How much is a home worth in ZIP code 07928?

The typical home in 07928 is worth $1,351,859, based on the Zillow Home Value Index.

Are home values rising in 07928?

Home values in 07928 are up 9.2% over the past year, and up 7.2% a year over five years.

What is the typical rent in 07928?

A typical home in 07928 rents for about $3,185 a month, a gross rental yield of 2.8%.

What is the property tax rate in 07928?

The effective property tax rate in 07928 is 1.5% — roughly $19,722 a year on a typical home.

ZIP code 07928 has a population of 19,974 and a median household income of $220,982.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07928

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

Typical home value

$1,351,859^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +9.2%
5-year / yr: +7.2%
10-year / yr: +4.6%

Relative price

vs U.S.: +375.9%
vs metro: +85.3%
vs state: +137.4%

Price history

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

The typical home in 07928 is worth $1,351,859 — 85.3% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 9.2%. Homes here rent for a typical $3,185 a month — a 2.8% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

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

Monthly rent: $3,185^[2]
Gross yield: 2.8%^[2]
Cap rate: 1.7%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $19,722^[3]

#Climate risk

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

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

#Who lives here

Population: 19,974^[3]
Median household income: $220,982^[3]

#Migration

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

Net migration: -1,398^[5]
Moved in: 12,996
Moved out: 14,394

Schools

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

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Chatham High School
High · Grades 9–12 · School District of the Chathams
1,216 students
Chatham Middle School
Middle · Grades 6–8 · School District of the Chathams
842 students
Lafayette Avenue School
Elementary · Grades 4–5 · School District of the Chathams
494 students
Southern Boulevard School
Elementary · Grades K–3 · School District of the Chathams
380 students
Milton Avenue School
Elementary · Grades PK–3 · School District of the Chathams
299 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 yield2.8%

Net yield (after ~40% expenses)1.7%

Annual rent$38,225

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$6,836

Loan principal$1,081,487

Down payment$270,372

Total interest paid$1,379,377

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 ratio3.02

Monthly cost to own$9,607

Monthly rent$3,185

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: 77th percentile^[1]
Rental yield: 3rd percentile^[2]
Property tax: 33rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07928?: The typical home in 07928 is worth $1,351,859, based on the Zillow Home Value Index.
Are home values rising in 07928?: Home values in 07928 are up 9.2% over the past year, and up 7.2% a year over five years.
What is the typical rent in 07928?: A typical home in 07928 rents for about $3,185 a month, a gross rental yield of 2.8%.
What is the property tax rate in 07928?: The effective property tax rate in 07928 is 1.5% — roughly $19,722 a year on a typical home.
Who lives in 07928?: ZIP code 07928 has a population of 19,974 and a median household income of $220,982.

#Comparable ZIPs

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

11598 vs 07928 →
Woodmere CDP, NY
Typical home
$1,353,866
Gross yield
2.8%
07901 vs 07928 →
Summit, NJ
Typical home
$1,356,378
Gross yield
2.4%
11201
New York, NY
Typical home
$1,342,820
Gross yield
4.1%
11211
New York, NY
Typical home
$1,340,957
Gross yield
4.2%
11577
Roslyn Heights CDP, NY
Typical home
$1,364,586
Gross yield
—
10018
New York, NY
Typical home
$1,382,111
Gross yield
4.3%

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#Jump to section

U.S. ZIP Code · NJ07928

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