Real Estate Investing in Newark, New Jersey (07103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07103 (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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 23.1% poverty rate — can affect rent collection.
What’s happening in Newark, NJ (07103)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07103 Newark
The 07103 ZIP in Newark, NJ is a local-operator market. Outside capital chasing a $403K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 07103 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 07103's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Meanwhile, 36,733 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 07103 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Newark:
Property Strategy for 07103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $356,110 | $1,930 | 3.9% | +9.6% | $178,055 |
| 3BR | $415,058 | $2,430 | 4.2% | +9.7% | $138,353 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07103 Compare?
| Metric | 07103 | Newark | New Jersey |
|---|---|---|---|
| Home Value | $402,662 | $148,249 | $559,826 |
| 5-Year CAGR | 4.4% | 4.2% | 8.4% |
| Avg Rent | $2,189 | $2,128 | - |
| Cap Rate | 4.2% | 3.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07103 (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 | $402,662 |
| Monthly Rent | $2,189 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 07103
Population: 36,733
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 07103
Schools in This ZIP Code
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 is the average home sale price in Newark, NJ?
Typical homes in Newark, NJ go for around $403K. The 5-year CAGR of 0.0% steady price movement.
What is the typical renter like in Newark, NJ?
Newark, NJ offers a predictable renter base at the $2,189/mo rent level. Tenant turnover is reasonable for well-managed properties.
What approach is best for Newark, NJ real estate?
The best-fit strategy in Newark, NJ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does house hacking work in Newark, NJ?
House hacking works a challenging in Newark, NJ. Rents of $2,189/mo against $403K acquisition make the strategy solid for owner-occupants.
How landlord-friendly is Newark, NJ?
The landlord environment in Newark, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 07103 now. You don’t know where it ranks.
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How 07103 ranks in New York-Newark-Jersey City, NY-NJ-PA
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