Real Estate Investing in Newark, New Jersey (07114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07114 (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: 14.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 31.4% poverty rate — can affect rent collection.
- Lower household income: $32,591 median — tenant affordability is tighter.
What’s happening in Newark, NJ (07114)?
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Market Analysis: 07114 Newark
ZIP 07114 inside Essex County looks affordable on the surface — median value of $465K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,125/mo on a $465K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 07114 sits below the stated 0.0% once reality is priced in.
The gap between 07114 and stronger Newark ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 07114 ZIP's population of 12,658 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 07114 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
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 07114 Compare?
| Metric | 07114 | Newark | New Jersey |
|---|---|---|---|
| Home Value | $464,867 | $148,249 | $559,826 |
| 5-Year CAGR | 2.4% | 4.2% | 8.4% |
| Avg Rent | $2,125 | $2,128 | - |
| Cap Rate | 3.6% | 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 07114 (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 | $464,867 |
| Monthly Rent | $2,125 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 07114
Population: 12,658
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 07114
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Arts High School
University High School
Winfield Scott School No. 2
Avon Avenue School
Belmont Runyon 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 5,461 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Newark, NJ?
Most investors in Newark, NJ run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are rents high in Newark, NJ?
Average rent in Newark, NJ is approximately $2,125/mo per month. Against $465K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Newark, NJ?
Tenant demand in Newark, NJ is solid. The local workforce $2,125/mo rents across most rental classes.
Do rentals sit vacant long in Newark, NJ?
Newark, NJ vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Newark, NJ?
The landlord environment in Newark, NJ is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 07114 now. You don’t know where it ranks.
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How 07114 ranks in New York-Newark-Jersey City, NY-NJ-PA
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