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Newark, NJ—07107

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$508,000
0.5% YoY Growth
Household Income
$49,900
59.1% YoY Growth
Days on Market
52
12.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,300
3.6% YoY Growth
1-Bed Rent
$1,580
13.5% YoY Growth
2-Bed Rent
$2,200
6.9% YoY Growth
3-Bed Rent
$2,400
3.8% YoY Growth

Other Zip Codes in Newark, NJ

0711207105071040711407103071080710607102
  • 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 $508,000, with a year-over-year change of 0.5%. This indicates that home prices in Newark, NJ are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$508,0000.5%
Single Family $513,0000.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$457,0000.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    12.8%
    1 Bedroom
    17.1%
    2 Bedrooms
    26.0%
    3 Bedrooms
    34.5%
    4 Bedrooms
    6.0%
    5+ Bedrooms
    3.7%

    Rental Trends — Newark, NJ

    As of July '25, Rentcast reports the average rent in Newark, NJ is $2,280, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Newark, NJ is studios: $1,830, 1-bedrooms: $1,680, 2-bedrooms: $2,160, 3-bedrooms: $2,470, 4-bedrooms: $2,810. The most common rental property sizes in Newark, NJ are 3-bedroom and 2-bedroom, accounting for 28.3% and 27.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,280
    Studio Rent $1,450$1,830
    1 Bed Rent $1,580$1,680
    2 Bed Rent $2,200$2,160
    3 Bed Rent $2,400$2,470
    4 Bed Rent $2,600$2,810
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    % of Rental Stock

    Studio
    15.2%
    1 Bedroom
    22.1%
    2 Bedrooms
    27.4%
    3 Bedrooms
    28.3%
    4 Bedrooms
    5.7%
    5+ Bedrooms
    1.3%

    Property Listings — Newark, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Newark, NJ is 75. This is a increase of 33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$380,000-23.0%
    Listing Count
    		13-29.0%
    Listings as % of Homes0.1%-29.0%
    Days on Market
    		5212.0%
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    Demographics — Newark, NJ

    As of the latest ACS Survey released in 2023, Newark, NJ has a population of 42,100, which has increased by 12.3% over the past 5 years. Newark, NJ is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 12.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,10012.3%
    % Under 18
    		26.4%-5.0%
    % Seniors
    		13.1%52.3%
    % WFH
    		4.2%281.8%
    % w/ College Degree
    		12.5%0.0%
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    As of the latest ACS Survey released in 2023, Newark, NJ is a predominantly hispanic area, with 55.6% of the population identifying as hispanic. The hispanic population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Newark, NJ is black, making up 33.9% of the population. Foreign-born residents account for 36.3% of the population in Newark, NJ, and this percentage has increased by 13.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		6.7%11.7%
    % Black
    		33.9%-2.6%
    % Hispanic
    		55.6%-5.3%
    % Asian
    		1.3%-13.3%
    % Foreign Born
    		36.3%13.1%
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    Mortgage and Risk — Newark, NJ

    According to HUD data as of 2023, there were 172 mortgage originations in Newark, NJ, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Newark, NJ. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		172
    % Conventional Loans
    		61.0%
    % Government Loans
    		39.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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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 22.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Newark, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		3,516
    Total Units Section 8
    		2,494
    % Rentals under Section 8
    		22.5%
    % Occupied Section 8
    		89.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$140$1,580$1,440
    2 Bedroom-$470$2,200$1,730
    3 Bedroom-$210$2,400$2,190
    4 Bedroom-$80$2,600$2,520

    Affordability — Newark, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.4
    Median Home Price$508,000
    Median Household Income$49,900

    Newark, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions