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Newark, NJ—07105

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$568,000
4.5% YoY Growth
Household Income
$55,800
24.7% YoY Growth
Days on Market
80
72.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$2,400
4.1% YoY Growth
1-Bed Rent
$2,100
2.8% YoY Growth
2-Bed Rent
$2,300
3.2% YoY Growth
3-Bed Rent
$2,500
1.1% YoY Growth

Other Zip Codes in Newark, NJ

0711207104071140710307108071070710607102
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Newark, NJ

As of Dec '25, the median home price in Newark, NJ is $568,000, with a year-over-year change of 4.5%. This indicates that home prices in Newark, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$568,0004.5%
Single Family $597,0005.5%
Condos $404,0002.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$395,0003.7%
    3 Bed
    		$492,0004.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    10.5%
    1 Bedroom
    15.5%
    2 Bedrooms
    42.3%
    3 Bedrooms
    28.8%
    4 Bedrooms
    2.3%
    5+ Bedrooms
    0.6%

    Rental Trends — Newark, NJ

    As of July '25, Rentcast reports the average rent in Newark, NJ is $2,360, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Newark, NJ is studios: $1,770, 1-bedrooms: $2,240, 2-bedrooms: $2,420, 3-bedrooms: $2,640, 4-bedrooms: $2,500. The most common rental property sizes in Newark, NJ are 2-bedroom and 3-bedroom, accounting for 44.1% and 26.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,360
    Studio Rent $1,350$1,770
    1 Bed Rent $2,100$2,240
    2 Bed Rent $2,300$2,420
    3 Bed Rent $2,500$2,640
    4 Bed Rent $2,500$2,500
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    % of Rental Stock

    Studio
    11.1%
    1 Bedroom
    16.9%
    2 Bedrooms
    44.1%
    3 Bedrooms
    26.1%
    4 Bedrooms
    1.6%
    5+ Bedrooms
    0.1%

    Property Listings — Newark, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Newark, NJ is 65. This is a increase of 53.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$409,000-13.0%
    Listing Count
    		31111.0%
    Listings as % of Homes0.1%111.0%
    Days on Market
    		8072.0%
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    Demographics — Newark, NJ

    As of the latest ACS Survey released in 2023, Newark, NJ has a population of 56,700, which has increased by 8.9% over the past 5 years. Newark, NJ is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		56,7008.9%
    % Under 18
    		23.4%8.8%
    % Seniors
    		7.2%-19.1%
    % WFH
    		3.5%52.2%
    % w/ College Degree
    		15.0%10.3%
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    As of the latest ACS Survey released in 2023, Newark, NJ is a predominantly hispanic area, with 49.2% of the population identifying as hispanic. The hispanic population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Newark, NJ is white, making up 27.0% of the population. Foreign-born residents account for 64.1% of the population in Newark, NJ, and this percentage has increased by 12.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		27.0%-21.7%
    % Black
    		7.2%-12.2%
    % Hispanic
    		49.2%-2.8%
    % Asian
    		0.7%-12.5%
    % Foreign Born
    		64.1%12.3%
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    Mortgage and Risk — Newark, NJ

    According to HUD data as of 2023, there were 100 mortgage originations in Newark, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Newark, NJ. Investor activity is high, as 26.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		100
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		26.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Newark, NJ

    As of 2024, the percent of homes in Newark, NJ under the Section 8 program is 1.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Newark, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		702
    Total Units Section 8
    		324
    % Rentals under Section 8
    		1.9%
    % Occupied Section 8
    		91.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$600$2,100$1,500
    2 Bedroom-$490$2,300$1,810
    3 Bedroom-$220$2,500$2,280
    4 Bedroom$90$2,500$2,590

    Affordability — Newark, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.9
    Median Home Price$568,000
    Median Household Income$55,800

    Newark, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Harrison, NJ

    07029

    Newark, NJ

    07102

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    Frequently Asked Questions