Welcome to our 7003 real estate data hub, tailored for investors in Bloomfield, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 7003 in Bloomfield, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ESSEX COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Bloomfield, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Bloomfield property market.
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Location Overview
- Zip Code: 7003
- City: Bloomfield
- State: NJ
- Metro Area: New York-Newark-Jersey City, NY-NJ-PA
- County Name: ESSEX COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $463,594
- Average Home Price (Single Family Homes): $482,423
- Average Monthly Rental Price (All Types): $2,194
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: -0.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,730
- Average 3 Bedroom Section 8 Rental Rates: $2,200
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.33
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.56
- Number of Units Offered in Section 8 in the County: 15502
- Number of Occupied Units in Section 8 in the County: 14712
- Percentage of Section 8 Units Occupied in the County: 94.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 197.64
- Total % Appreciation since 2000 (Government Data): 159.36
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.25%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.72%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.49%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.27%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.07%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.15%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 112.24%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.95%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.44%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.29%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 32.09%