What is the average home price in Newark, NJ 07114?

As of May '26, the median home price in Newark, NJ 07114 is $465,000, based on Zillow home estimates.

How have home prices in Newark, NJ 07114 changed over the past year?

As of May '26, home prices have decreased 4.6% over the past year, according to Zillow home estimates data.

What is the home price projection for Newark, NJ 07114?

As of May '26, Zillow projects home prices in Newark, NJ 07114 to increase 1.7% in the next year.

What are the demographics of Newark, NJ 07114?

According to the latest Census, the demographics of Newark, NJ 07114 are 12.3% White, 47.1% Black, 1.2% Asian, 33.1% Hispanic. The population is 12,700, with 15.3% under 18 years old.

How long does it take homes to sell in Newark, NJ 07114?

According to Realtor.com, as of May '26, the median home in Newark, NJ 07114 is on the market for 24 days. This is a decrease of 31.0% from last year.

What is the average rent price in Newark, NJ 07114?

The average rent price in Newark, NJ 07114, as of the latest data, is $2,200. The average rent for 1 bedroom homes is $1,820. For 2, 3, and 4 bedroom homes, the average rent is $2,130, $2,470, and $2,550 respectively.

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Newark, NJ—07114

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$465,000

4.6% YoY Growth

Household Income

$34,200

26.7% YoY Growth

Days on Market

31.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$2,100

7.6% YoY Growth

1-Bed Rent

$1,800

25.5% YoY Growth

2-Bed Rent

$2,050

14.1% YoY Growth

3-Bed Rent

$2,300

3.3% YoY Growth

Other Zip Codes in Newark, NJ

07112 07105 07104 07103 07108 07107 07106 07102

Home Price Trends — Newark, NJ

As of May '26, the median home price in Newark, NJ is $465,000, with a year-over-year change of -4.6%. This indicates that home prices in Newark, NJ are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$465,000	-4.6%
Single Family	$497,000	-3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$369,000	-4.0%
Listing Count	11	-18.0%
Listings as % of Homes	0.1%	-18.0%
Days on Market	24	-31.0%

Metric	Latest Census	YoY % Change
Population	12,700	-0.7%
% Under 18	15.3%	-19.5%
% Seniors	11.6%	61.1%
% WFH	8.5%	507.1%
% w/ College Degree	9.4%	20.5%

Metric	Zip Code Average
Total Loan Originations	24
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	12.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

Total Units under HUD	1,847
Total Units Section 8	447
% Rentals under Section 8	12.4%
% Occupied Section 8	89.4%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$260	$1,800	$1,540
2 Bedroom	-$190	$2,050	$1,860
3 Bedroom	$40	$2,300	$2,340
4 Bedroom	$460	$2,200	$2,660

Newark, NJ—07114

Key Metrics at a Glance

Other Zip Codes in Newark, NJ

Home Price Trends — Newark, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Newark, NJ

% of Rental Stock

Property Listings — Newark, NJ

Demographics — Newark, NJ

Race and Ethnicity

Mortgage and Risk — Newark, NJ

Mortgages

Rentals and Section 8 — Newark, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Newark, NJ

Home Price to Income Ratio

Newark, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Elizabeth, NJ

Newark, NJ

Newark, NJ

Newark, NJ

Newark, NJ

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,200
Studio Rent	$1,940	$1,940
1 Bed Rent	$1,800	$1,820
2 Bed Rent	$2,050	$2,130
3 Bed Rent	$2,300	$2,470
4 Bed Rent	$2,200	$2,550

Metric	Latest Census	5-Year % Change
% White	12.3%	0.8%
% Black	47.1%	-20.3%
% Hispanic	33.1%	19.1%
% Asian	1.2%	50.0%
% Foreign Born	28.7%	49.5%

Metric	Zip Code Average
Home Price to Income Ratio	13.9
Median Home Price	$465,000
Median Household Income	$34,200