Zip 07114 (Newark, NJ) Housing

The housing market in Newark, NJ (zip code 07114) is currently very strong. According to recent data, the median value of a home in this area is $420,700, which is significantly higher than the US median value of $338,100. Furthermore, house appreciation over the past year has been much stronger at 13.15%, compared to 8.27% across the country. This shows that Newark offers homeowners an excellent investment opportunity and with prices continuing to rise it remains a great choice for real estate investors.

The median home cost in Newark (zip 07114) is $420,700. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07114) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07114) real estate is 53 years old

The Rental Market in Newark (zip 07114)

- Renters make up 75.9% of the Newark (zip 07114) population
- 6.9% of houses and apartments in Newark (zip 07114), 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
	5,080.0	139,647,020.0
	42	42
	$420,700	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$29.15	$10.98
	$10,001	$2,690
	15.1%	57.4%
	16.0%	11.2%
	68.9%	31.4%
Vacant Housing
	6.9%	1.9%
	0.6%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	8.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	4.8%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	2.3%	4.5%
	4.3%	11.3%
	14.1%	13.0%
	18.3%	20.1%
	11.7%	13.6%
	29.6%	8.3%
	12.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	21.9%	13.6%
	21.9%	13.6%
	13.2%	13.6%
	10.1%	13.2%
	5.5%	14.8%
	13.2%	13.6%
	11.6%	10.0%
	5.5%	4.7%
	18.1%	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.

��