Zip 07107 (Newark, NJ) Housing

The median value of housing in 07107 Newark, NJ is $415,200, which is significantly higher than the US median house value of $338,100. In addition, the US 1 year house appreciation rate is 8.27% while the 1 year house appreciation rate in 07107 Newark, NJ is 13.15%. This steep appreciation rate indicates a strong market for housing in 07107 Newark, NJ and could potentially benefit both buyers and sellers alike.

The median home cost in Newark (zip 07107) is $415,200. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07107) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07107) real estate is 60 years old

The Rental Market in Newark (zip 07107)

- Renters make up 63.7% of the Newark (zip 07107) population
- 3.4% of houses and apartments in Newark (zip 07107), 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
	15,891.0	139,647,020.0
	60	42
	$415,200	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$25.24	$10.98
	$6,960	$2,690
	24.5%	57.4%
	7.5%	11.2%
	68.0%	31.4%
Vacant Housing
	3.4%	1.9%
	0.2%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	8.5%	2.6%
	0.6%	2.4%
	1.9%	2.8%
	3.4%	3.9%
	0.7%	4.5%
	3.3%	11.3%
	14.3%	13.0%
	21.4%	20.1%
	30.4%	13.6%
	11.7%	8.3%
	3.6%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	8.3%	13.6%
	4.7%	13.2%
	8.7%	14.8%
	8.3%	13.6%
	12.0%	10.0%
	10.3%	4.7%
	24.9%	12.2%

Reviews for Newark

See all (0)

Write a Review

Start Your Review of Newark

Commute

The premier source for comprehensive city data for over 30 years.

��