State · NJ

New Jersey

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$517k

+5.8%

Zillow ZHVI

Median rent

$2,200/mo

+5.5%

Zillow ZORI

Gross yield

5.11%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$97,126

Census ACS

Owner-occupied

63.6%

Census ACS

Renter-occupied

36.4%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 5.11% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 5.5% YoY while values moved 5.8%. That gap drives whether yield compresses or expands over time.

Renter share is 36% - a deep renter pool means lower vacancy risk in New Jersey.

Median income of $97,126 sets the affordability ceiling on rent growth.