Real Estate Investing in Newark, New Jersey (07102)
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Should you buy in 07102 (Newark, NJ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Lower household income: $35,515 median — tenant affordability is tighter.
What’s happening in Newark, NJ (07102)?
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Market Analysis: 07102 Newark
Investors eyeing 07102 need to respect the fundamentals at play. Home values of $405K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 07102 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 07102 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 94% in 07102 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 07102 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Newark:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07102 Compare?
| Metric | 07102 | Newark | New Jersey |
|---|---|---|---|
| Home Value | $404,857 | $148,249 | $559,826 |
| 5-Year CAGR | 0.9% | 4.2% | 8.4% |
| Avg Rent | $2,435 | $2,128 | - |
| Cap Rate | 4.7% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07102 (Newark, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →Associa Community Management Corporation of New Jersey is an HOA property management company serving Northern and Central New Jersey. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $404,857 |
| Monthly Rent | $2,435 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07102
Population: 12,954
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
American History High School
Essex County Newark Tech
Grover Cleveland Elementary School
Harriet Tubman Elementary School
Newark School of Global Studies
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,459 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Newark, NJ?
Newark, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($405K prices, $2,435/mo rents) make it a reasonable choice.
How strong is the working-renter base in Newark, NJ?
The renter base in Newark, NJ is reasonable for the $2,435/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is housing expensive in Newark, NJ?
Newark, NJ median home values land near $405K. That is reasonable territory for investors looking at $2,435/mo-per-month rentals.
Is Newark, NJ a smart market for rental property?
With a 3.0/5 investability score, Newark, NJ ranks as a solid market for rental property investors. Median prices of $405K and rents of $2,435/mo drive the underlying numbers.
Does a duplex house hack pencil in Newark, NJ?
For house hackers, Newark, NJ is a challenging. The $2,435/mo rent on a unit helps defray the mortgage on a $405K property.
You know 07102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 07102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 07102 ranks in New York-Newark-Jersey City, NY-NJ-PA
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