The housing market in 07102 Newark, NJ is strong and growing. The median value of homes in the area is $367,600, which is about 8.8% higher than the US median value of $338,100. In the past year, the appreciation rate for homes in 07102 Newark was 13.15%, far surpassing the national rate of 8.27%. This shows that the housing market in this area of Newark is much more attractive than other parts of the country, and presents a great opportunity for potential buyers and investors alike.
The median home cost in Newark (zip 07102) is $367,600. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07102) is up 9.7%.
Average Age of Homes
- The median age of Newark (zip 07102) real estate is 53 years old
The Rental Market in Newark (zip 07102)
- Renters make up 78.0% of the Newark (zip 07102) population
- 1.4% of houses and apartments in Newark (zip 07102), 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.