Welcome to our 7104 real estate data hub, tailored for investors in Newark, 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 7104 in Newark, 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 Newark, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Newark property market.
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Location Overview
- Zip Code: 7104
- City: Newark
- 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): $407,812
- Average Home Price (Single Family Homes): $440,836
- Average Monthly Rental Price (All Types): $1,775
- Price-to-Rent Ratio: 19
- 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: $1,420
- Average 3 Bedroom Section 8 Rental Rates: $1,800
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 23.93
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.88
- 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): 227.12
- Total % Appreciation since 2000 (Government Data): 204.86
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.93%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 8.03%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.59%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 68%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 120.9%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 17.15%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 109.8%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.23%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.19%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%