Zip 07112 (Newark, NJ) Housing

The housing market in Newark, NJ (07112) is booming! The median value of houses in this area is well above the national average, at $405,300 compared to only $338,100 for the country as a whole. What's more, the house appreciation rate in the last year has been 13.15%, much higher than the US rate of 8.27%. This makes now a great time to invest in property in Newark - prices are sure to continue going up so anyone buying now stands to make a considerable profit over time.

The median home cost in Newark (zip 07112) is $405,300. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07112) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07112) real estate is 62 years old

The Rental Market in Newark (zip 07112)

- Renters make up 57.7% of the Newark (zip 07112) population
- 5.9% of houses and apartments in Newark (zip 07112), 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
	12,092.0	139,647,020.0
	73	42
	$405,300	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$25.41	$10.98
	$6,557	$2,690
	24.4%	57.4%
	12.8%	11.2%
	62.8%	31.4%
Vacant Housing
	5.9%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	7.5%	2.6%
	0.5%	2.4%
	1.8%	2.8%
	0.4%	3.9%
	0.4%	4.5%
	6.2%	11.3%
	15.2%	13.0%
	36.2%	20.1%
	22.1%	13.6%
	5.9%	8.3%
	1.0%	9.7%
	2.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.1%	13.6%
	6.1%	13.6%
	4.9%	13.6%
	4.3%	13.2%
	6.6%	14.8%
	4.9%	13.6%
	10.2%	10.0%
	19.9%	4.7%
	33.8%	12.2%

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