The story of this market
The typical home in ZIP 07103 sells for about $479,999, or $198 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 306 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,300 a month.
ZIP 07103 — Newark
The 07103 housing market is currently balanced, with a median closed sale price of $479,999 and a pending-to-active ratio of 0.26. Market activity is driven by a high concentration of renter-occupied housing and proximity to the Newark urban core. Certain metrics, such as specific sale-to-list ratios and detailed tax histories, were not available at the ZIP level.
This ZIP is primarily suited for renters and budget-conscious buyers seeking proximity to the Newark urban core and regional transit networks.
Median prices moved up 1.2% year over year.
Homes spend a median of 306 days on market with 3.8 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 07103, Essex County NJ
The area is part of the broader Newark urban core, benefiting from proximity to major regional transit and employment hubs in the New York-Newark-Jersey City metro area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Residents have access to regional transit corridors connecting to Newark's central business district and the broader New York City metropolitan area.
The area features local urban parks and proximity to Newark's cultural and shopping districts within a short drive.
The rental market is characterized by high renter density, with approximately 75% of housing units being renter-occupied.
The local economy is tied to the broader Newark and New York City metropolitan labor markets, with significant employment in urban services and regional logistics.
The area is served by Newark's established transit infrastructure, including bus and rail connections to the regional employment core.
Data retrieved from Census Reporter and Data Commons.
- American Dream4.58.3 mi
- Supercharged Entertainment4.817.6 mi
- DreamWorks Water Park4.38.2 mi
- Nickelodeon Universe Theme Park4.58.1 mi
- Color Factory NYC4.410.1 mi
- American Dream4.58.3 mi
- MetLife Stadium4.58.3 mi
- Madison Square Garden4.710.7 mi
- Yankee Stadium4.715.5 mi
- Barclays Center4.512.2 mi
- Times Square4.711.2 mi
- Rockefeller Center4.711.5 mi
- Brooklyn Bridge4.810.7 mi
- The Metropolitan Museum of Art4.812.6 mi
- Central Park4.812.5 mi
- The Metropolitan Museum of Art4.812.6 mi
- Rockefeller Center4.711.5 mi
- Empire State Building4.711.1 mi
- The Museum of Modern Art4.611.6 mi
- American Museum of Natural History4.612.1 mi
- Central Park4.812.5 mi
- 9/11 Memorial & Museum4.89.8 mi
- Bryant Park4.711.3 mi
- The High Line4.710.1 mi
- The Battery4.69.8 mi
- Elizabeth Marina4.66.3 mi
- Galloping Hill Golf Course4.45.6 mi
- 21 Golf Range Powered by Toptracer4.512.4 mi
- Puttery4.79.9 mi
- Dyker Beach Golf Course4.112.5 mi
- Five Iron Golf4.910.9 mi
- American Dream4.58.3 mi
- Chelsea Market4.610 mi
- Macy's4.411 mi
- The Mills at Jersey Gardens4.55.6 mi
- Hudson Yards4.710.3 mi
- Newark Liberty International Airport3.73.6 mi
- LaGuardia Airport4.117.1 mi
- Teterboro Airport4.410.9 mi
- North Shore University Hospital Heliport4.626.1 mi
- Chico Express3.912.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.