The story of this market
The typical home in ZIP 07435 sells for about $600,000, or $305 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,996 a month.
ZIP 07435 — Newfoundland
The 07435 housing market is currently experiencing a cooling phase with a year-over-year decline in median sale prices and a significant increase in days on market. Low inventory levels continue to constrain sales volume, reflecting a cautious environment for both buyers and sellers in this suburban enclave.
This ZIP is best suited for family buyers and those seeking a suburban, nature-oriented lifestyle who are willing to commute to regional employment hubs.
Median prices moved down 4.0% year over year.
Homes spend a median of 82 days on market with 6.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 0.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07435, Newfoundland NJ
Newfoundland (07435) generally experiences low crime rates compared to the broader Paterson metropolitan area, with safety metrics remaining stable.
Schools serving the area are generally well-regarded, benefiting from the suburban character of the surrounding Morris County districts.
The area faces moderate risks related to seasonal weather events, including potential for localized flooding and wind damage, typical of the northern New Jersey region.
Economic momentum is driven by proximity to major employment hubs in Morris County and northern New Jersey, with steady demand for residential housing.
Property taxes are assessed at the local municipal level in New Jersey, which maintains one of the highest effective property tax rates in the nation to fund local school districts and municipal services.
Residents primarily rely on personal vehicles for commuting, with access to major regional highways providing routes toward employment centers in Morris and Passaic counties.
The area offers access to outdoor amenities including local parks, hiking trails, and proximity to regional lakes, providing a quiet, nature-oriented lifestyle.
The rental market is characterized by low vacancy pressure and steady demand, with limited inventory of multi-family units available for lease.
The local economy is supported by a mix of professional services, healthcare, and retail, with many residents commuting to larger corporate centers in the New York City metro area.
Transportation is heavily dependent on private vehicle use, with limited public transit options available directly within the ZIP code.
Development is largely constrained by environmental regulations and the existing suburban density of the area.
Property assessments are managed by the local municipal tax assessor in accordance with New Jersey state law.
Parcels are subject to local school district taxes and municipal levies, with no major MUD/PID districts reported.
Property insurance premiums are influenced by regional hazard exposure, including wildfire and flood risks common to the Highlands area.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New Jersey requires sellers to provide a comprehensive property disclosure statement regarding the condition of the home.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mountain Creek Water Park410.4 mi
- The Funplex4.316.8 mi
- Dave & Buster's Wayne4.114.3 mi
- Sky Zone Trampoline Park4.116.5 mi
- Skylands Stadium4.515.4 mi
- Crystal Springs Resort49.7 mi
- The Funplex4.316.8 mi
- New York Renaissance Faire4.317.5 mi
- The Wellmont Theater4.320 mi
- The Sussex County Fairgrounds4.515.8 mi
- Mountain Creek Resort4.310.4 mi
- Mountain Creek Water Park410.4 mi
- Campgaw Mountain Ski Area4.212.5 mi
- AMC Rockaway 164.211.6 mi
- New Jersey Botanical Garden4.611.5 mi
- Paterson Great Falls National Historical Park4.516.3 mi
- Sterling Hill Mining Museum4.79.1 mi
- Space Farms: Zoo & Museum4.317.5 mi
- Imagine That!!!4.418.1 mi
- Montclair Art Museum4.419.4 mi
- New Jersey Botanical Garden4.611.5 mi
- Wawayanda State Park4.69.9 mi
- Stairway To Heaven4.711.7 mi
- Ramapo Valley County Reservation4.812.2 mi
- Ringwood State Park4.711.3 mi
- Lee's County Park Marina4.313.1 mi
- Mason Street Grille4.410.6 mi
- Greenwood Lake Marina4.710.8 mi
- Bridge Marina4.811.5 mi
- Lakeview Marina4.211.5 mi
- Crystal Springs Resort49.7 mi
- Ballyowen Golf Club4.59.8 mi
- Berkshire Valley Golf Course4.44.7 mi
- Sunset Valley Golf Course4.18.3 mi
- Black Bear Golf Club4.38.6 mi
- Rockaway Townsquare4.411.7 mi
- ShopRite of Wharton4.412.3 mi
- Heaven Hill Farm Garden Center and Farm Market4.411.9 mi
- ShopRite of Sparta4.511.7 mi
- ShopRite of Rockaway4.412.6 mi
- Newark Liberty International Airport3.728.4 mi
- Teterboro Airport4.423.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Popular local spot for fishing and recreation.
Extensive hiking trails and protected natural land.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.