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Newark city, NJ

ZIP 07102 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07102

Median Home Value
$293,900
Median Rent
$1,067
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,888/mo PITI).

35%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

7.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07102 in Newark city, NJ, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,888. That is about 118% above the local median household income ($37,093), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
5.5%-92% vs US avg
x
Vacancy Rate
4.9%-53% vs US avg
x
Broadband Access
78.6%-10% vs US avg
x
4+ Bedrooms
0.5%-97% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.6%-55% vs US avg
x
Mortgage-Free
28.5%-25% vs US avg
x
$293,900
Home Value
$1,067
Rent
1970
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached0.9%
  • 1-unit attached2.7%
  • 2-9 units20.0%
  • 10+ units76.0%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$293,900
Median rent$1,067
Owner-occupied5.5%
Vacant4.9%
Price-to-income7.9x
Est. income to buy$81,000