Zip 07103 (Newark, NJ) Housing

Housing in 07103 Newark, NJ is quite expensive, with a median value of $313,000 - slightly lower than the US median of $338,100. However, house appreciation has been quite high in this area over the past year - 13.15%, nearly 5% higher than the US average of 8.27%. This suggests that many people are investing in property here and that housing prices are likely to remain high or even increase further in the future.

The median home cost in Newark (zip 07103) is $313,000. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07103) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07103) real estate is 26 years old

The Rental Market in Newark (zip 07103)

- Renters make up 61.4% of the Newark (zip 07103) population
- 1.8% of houses and apartments in Newark (zip 07103), 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
	14,001.0	139,647,020.0
	30	42
	$313,000	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$26.94	$10.98
	$5,865	$2,690
	20.0%	57.4%
	10.8%	11.2%
	69.1%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	7.9%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	0.5%	2.4%
	1.2%	2.8%
	2.1%	3.9%
	2.0%	4.5%
	13.7%	11.3%
	20.5%	13.0%
	32.6%	20.1%
	11.4%	13.6%
	6.9%	8.3%
	4.2%	9.7%
	0.9%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	24.0%	13.6%
	24.0%	13.6%
	23.2%	13.6%
	10.5%	13.2%
	5.9%	14.8%
	23.2%	13.6%
	4.0%	10.0%
	6.3%	4.7%
	12.6%	12.2%

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