Welcome to our 7107 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 7107 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: 7107
- 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): $406,561
- Average Home Price (Single Family Homes): $411,940
- Average Monthly Rental Price (All Types): $1,955
- Price-to-Rent Ratio: 17
- 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: $1,340
- Average 3 Bedroom Section 8 Rental Rates: $1,710
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 25.28
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.81
- 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): 291.01
- Total % Appreciation since 2000 (Government Data): 254.87
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.41%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 8.43%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.59%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 79.19%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 189.15%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.71%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 154.31%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.7%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%