Zip 07108 (Newark, NJ) Housing

The housing market in Newark, NJ (zip code 07108) has seen great appreciation over the past year with a 13.15% increase in median value. This is higher than the US median house appreciation of 8.27%. The current median value for housing in Newark is $411,300, which is significantly higher than the US median house value of $338,100. This shows that there is strong demand for housing in Newark, and prices are likely to continue increasing in the future.

The median home cost in Newark (zip 07108) is $411,300. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07108) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07108) real estate is 46 years old

The Rental Market in Newark (zip 07108)

- Renters make up 60.6% of the Newark (zip 07108) population
- 3.9% of houses and apartments in Newark (zip 07108), 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
	12,695.0	139,647,020.0
	47	42
	$411,300	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$30.62	$10.98
	$6,068	$2,690
	14.3%	57.4%
	12.6%	11.2%
	73.1%	31.4%
Vacant Housing
	3.9%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	7.6%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.3%	4.5%
	15.3%	11.3%
	31.9%	13.0%
	18.8%	20.1%
	18.3%	13.6%
	3.3%	8.3%
	4.8%	9.7%
	3.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	15.4%	13.6%
	5.2%	13.2%
	10.8%	14.8%
	15.4%	13.6%
	11.7%	10.0%
	7.7%	4.7%
	18.9%	12.2%

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