Zip 07105 (Newark, NJ) Housing

The housing market in 07105 Newark, NJ is booming. The median value of a house in this area is $476,500, which is substantially higher than the US median value of $338,100. Furthermore, the US 1 year house appreciation rate stands at 8.27%, while in 07105 Newark, NJ it has been 13.15%. It is evident that real estate prices are on the rise and investors are increasingly interested in buying properties in this area.

The median home cost in Newark (zip 07105) is $476,500. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07105) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07105) real estate is 66 years old

The Rental Market in Newark (zip 07105)

- Renters make up 73.2% of the Newark (zip 07105) population
- 1.0% of houses and apartments in Newark (zip 07105), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newark, New Jersey	United States
	19,809.0	139,647,020.0
	49	42
	$476,500	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$22.16	$10.98
	$8,289	$2,690
	18.3%	57.4%
	4.7%	11.2%
	77.0%	31.4%
Vacant Housing
	1.0%	1.9%
	0.1%	0.4%
	0.2%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	0.7%	2.4%
	0.3%	2.8%
	0.3%	3.9%
	0.4%	4.5%
	4.0%	11.3%
	6.4%	13.0%
	18.8%	20.1%
	22.6%	13.6%
	18.7%	8.3%
	20.1%	9.7%
	5.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.9%	13.6%
	6.9%	13.6%
	13.3%	13.6%
	11.0%	13.2%
	21.7%	14.8%
	13.3%	13.6%
	7.7%	10.0%
	6.5%	4.7%
	16.7%	12.2%

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