Zip 07106 (Newark, NJ) Housing

Housing in 07106 Newark, NJ is significantly more expensive than the median US house value of $338,100. The median housing value in 07106 Newark is a whopping $365,200 – that's nearly 8% higher than the national average. In addition to this already impressive factor, the 1 year house appreciation rate in Newark is 13.15%, which is 5.88% higher than the US average of 8.27%. This makes investing in a home in 07106 Newark a very lucrative option and a great way to build wealth over time.

The median home cost in Newark (zip 07106) is $365,200. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07106) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07106) real estate is 65 years old

The Rental Market in Newark (zip 07106)

- Renters make up 55.6% of the Newark (zip 07106) population
- 5.9% of houses and apartments in Newark (zip 07106), 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
	14,294.0	139,647,020.0
	68	42
	$365,200	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$23.87	$10.98
	$5,875	$2,690
	28.9%	57.4%
	11.7%	11.2%
	59.5%	31.4%
Vacant Housing
	5.9%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.9%	0.4%
	0.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	0.9%	2.4%
	0.3%	2.8%
	0.7%	3.9%
	1.8%	4.5%
	13.9%	11.3%
	13.0%	13.0%
	37.5%	20.1%
	18.5%	13.6%
	5.3%	8.3%
	1.0%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	3.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	2.9%	13.6%
	5.9%	13.2%
	8.6%	14.8%
	2.9%	13.6%
	23.9%	10.0%
	11.5%	4.7%
	32.3%	12.2%

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