The story of this market
The typical home in ZIP 07104 sells for about $599,000, or $280 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,381 a month.
ZIP 07104 — Newark
The 07104 housing market shows resilience with steady price appreciation and high demand for multi-family assets. While inventory remains tight, the market is supported by strong rental demand and proximity to major employment hubs. Buyers should be prepared for competitive bidding on well-maintained properties.
This ZIP is well-suited for investors seeking multi-family properties and commuters who prioritize transit access to Newark and New York City over suburban space.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.0% · poverty 24.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 07104, Essex County NJ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 07104 area remain higher than the national average, with property and violent crime trends consistent with urban Newark patterns.
Public schools in the area are part of the Newark Public Schools district, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily an urban environment with standard flood risks associated with the Passaic River basin; property insurance premiums are influenced by regional urban density and historical storm exposure.
Economic momentum is driven by proximity to Newark's downtown redevelopment, major transit hubs, and institutional anchors like the University Heights district.
Property taxes are assessed at the municipal level by the City of Newark, which maintains one of the highest effective tax rates in New Jersey due to the city's reliance on property tax revenue to fund public services.
Residents benefit from proximity to the Newark Light Rail and NJ Transit lines, providing direct access to Newark Penn Station and Manhattan.
The area features access to Branch Brook Park, famous for its cherry blossoms, and proximity to local shopping corridors along Bloomfield Avenue.
The rental market is highly active with significant demand for multi-family housing, driven by a large renter population and proximity to regional employment centers.
The economy is anchored by healthcare, education, and logistics, with major employers including Newark Beth Israel Medical Center and various government agencies.
The area is served by an extensive network of NJ Transit bus routes and the Newark Light Rail, facilitating regional connectivity.
Development is focused on transit-oriented residential projects and the revitalization of historic multi-family housing stock.
Parcels are subject to Newark Public Schools district taxes and municipal levies.
Property insurance costs are elevated due to urban risk factors and regional climate exposure.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.55.5 mi
- DreamWorks Water Park4.35.5 mi
- Nickelodeon Universe Theme Park4.55.4 mi
- Color Factory NYC4.49.1 mi
- Area 53 - Adventure Park4.513.4 mi
- American Dream4.55.5 mi
- MetLife Stadium4.55.4 mi
- Madison Square Garden4.79.2 mi
- Yankee Stadium4.713 mi
- Barclays Center4.511.8 mi
- Times Square4.79.5 mi
- The Metropolitan Museum of Art4.810.6 mi
- Rockefeller Center4.79.8 mi
- Brooklyn Bridge4.810 mi
- Central Park4.810.4 mi
- Liberty Science Center4.57.4 mi
- The Newark Museum of Art4.62.3 mi
- Thomas Edison National Historical Park4.73.7 mi
- Montclair Art Museum4.44.3 mi
- Mana Contemporary4.65.7 mi
- Central Park4.810.4 mi
- 9/11 Memorial & Museum4.89.1 mi
- Bryant Park4.79.7 mi
- The High Line4.78.6 mi
- The Battery4.69.3 mi
- Pier 13 Hoboken4.57.7 mi
- Liberty Landing Marina4.67.9 mi
- Manhattan Yacht Club4.67.8 mi
- Galloping Hill Golf Course4.48.6 mi
- 21 Golf Range Powered by Toptracer4.59.5 mi
- Puttery4.78.6 mi
- Five Iron Golf4.99.4 mi
- Baltusrol Golf Club4.79.8 mi
- American Dream4.55.5 mi
- Chelsea Market4.68.6 mi
- Macy's4.49.4 mi
- The Mills at Jersey Gardens4.58 mi
- Hudson Yards4.78.7 mi
- Newark Liberty International Airport3.76.1 mi
- LaGuardia Airport4.115.2 mi
- Teterboro Airport4.47.9 mi
- North Shore University Hospital Heliport4.624.2 mi
- Chico Express3.913.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major urban park known for the largest collection of cherry blossom trees in the United States.
A primary commercial corridor featuring diverse local retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.