Zip 07104 (Newark, NJ) Housing

The housing market in 07104 Newark, NJ is doing particularly well compared to the national average. The median value of homes in this neighborhood is $404,200, which is significantly higher than the US median house value of $338,100. Furthermore, the one year appreciation rate in 07104 Newark has been 13.15%, which is higher than the 8.27% appreciation rate for houses across the USA over the same period. Therefore, it is clear that 07104 Newark offers a good opportunity for those looking to invest in real estate.

The median home cost in Newark (zip 07104) is $404,200. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Newark (zip 07104) is up 9.7%.

Average Age of Homes

- The median age of Newark (zip 07104) real estate is 57 years old

The Rental Market in Newark (zip 07104)

- Renters make up 70.5% of the Newark (zip 07104) population
- 2.2% of houses and apartments in Newark (zip 07104), 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
	20,868.0	139,647,020.0
	59	42
	$404,200	$338,100
	9.7%	16.6%
	46.3%	57.0%
	68.7%	101.1%
	$24.29	$10.98
	$7,439	$2,690
	23.9%	57.4%
	6.9%	11.2%
	69.2%	31.4%
Vacant Housing
	2.2%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	0.4%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	0.0%	2.4%
	1.4%	2.8%
	0.5%	3.9%
	1.9%	4.5%
	6.3%	11.3%
	13.2%	13.0%
	20.9%	20.1%
	25.2%	13.6%
	16.7%	8.3%
	3.6%	9.7%
	4.3%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.3%	13.6%
	11.3%	13.6%
	9.6%	13.6%
	7.3%	13.2%
	8.5%	14.8%
	9.6%	13.6%
	9.6%	10.0%
	8.4%	4.7%
	29.0%	12.2%

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