Real Estate Investing in Newark, New Jersey (07108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07108 (Newark, NJ)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.1% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 34.2% poverty rate — can affect rent collection.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
What’s happening in Newark, NJ (07108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07108 Newark
ZIP 07108 in Newark, NJ carries a substantial set of headwinds. Home values near $504K and rents of $2,077/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $504K purchase price, 0.0% nominal cap — the work to hit that pro forma in 07108 is substantial and deserves full respect.
The gap between 07108 and stronger Newark ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 07108 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 07108 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
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 07108 Compare?
| Metric | 07108 | Newark | New Jersey |
|---|---|---|---|
| Home Value | $503,885 | $148,249 | $559,826 |
| 5-Year CAGR | 3.9% | 4.2% | 8.4% |
| Avg Rent | $2,077 | $2,128 | - |
| Cap Rate | 3.2% | 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 07108 (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 | $503,885 |
| Monthly Rent | $2,077 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 07108
Population: 28,317
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 07108
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
American History High School
Arts High School
Berkeley Terrace Elementary School
Essex County Newark Tech
Grove Street Elementary School
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
How does Newark, NJ stack up for property investment?
The 3.0/5 investability rating in Newark, NJ reflects its $504K prices and $2,077/mo rents. Investors generally consider it a solid option within NJ.
Is Newark, NJ good for house hacking?
Newark, NJ offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,077/mo rent level.
What is the best play in Newark, NJ?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Newark, NJ. The numbers - $504K homes against $2,077/mo rents - support that play.
What is the typical home price in Newark, NJ?
Median home price in Newark, NJ is near $504K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How high is vacancy risk in Newark, NJ?
Newark, NJ sees elevated vacancy, which is reasonable relative to the broader NJ rental market.
You know 07108 now. You don’t know where it ranks.
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How 07108 ranks in New York-Newark-Jersey City, NY-NJ-PA
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