The story of this market
The typical home in ZIP 07106 sells for about $480,000, or $215 per square foot.
Prices are up +1.8% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $875 a month.
ZIP 07106 — Newark
The 07106 housing market is characterized by a median listing price of $480,000 and a median of 27 days on market. While Zillow reports an average home value of $463,901, specific figures for closed sales counts and tax rates are not currently published for this ZIP code. The area remains a notable hub for homeownership within Newark.
This ZIP code is noted for having the highest homeownership rate in Newark, making it a primary area for family buyers seeking established residential neighborhoods.
Median prices moved up 1.8% year over year.
Homes spend a median of 27 days on market with 0.0 months of supply — a fast-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 07106, Essex County NJ
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.
Rentals in 07106 are most commonly 2 bedrooms with typical monthly costs ranging from $750 to $999.
Data sourced from US Census Bureau ZCTA profiles and local market reports.
- American Dream4.59.7 mi
- Supercharged Entertainment4.817 mi
- DreamWorks Water Park4.39.6 mi
- Nickelodeon Universe Theme Park4.59.5 mi
- Color Factory NYC4.412 mi
- American Dream4.59.7 mi
- MetLife Stadium4.59.6 mi
- Madison Square Garden4.712.5 mi
- Yankee Stadium4.717.1 mi
- Barclays Center4.514.1 mi
- Times Square4.713 mi
- Brooklyn Bridge4.812.6 mi
- Empire State Building4.712.9 mi
- American Dream4.59.7 mi
- MetLife Stadium4.59.6 mi
- The Metropolitan Museum of Art4.814.3 mi
- Rockefeller Center4.713.3 mi
- Empire State Building4.712.9 mi
- The Museum of Modern Art4.613.4 mi
- American Museum of Natural History4.613.8 mi
- 9/11 Memorial & Museum4.811.7 mi
- The High Line4.711.9 mi
- The Battery4.611.7 mi
- Washington Square Park4.612.3 mi
- Little Island4.711.6 mi
- Elizabeth Marina4.67.1 mi
- Galloping Hill Golf Course4.44.6 mi
- Puttery4.711.8 mi
- Baltusrol Golf Club4.75.7 mi
- Five Iron Golf4.912.7 mi
- Skyway Golf Course4.57.4 mi
- American Dream4.59.7 mi
- Chelsea Market4.611.9 mi
- Macy's4.412.8 mi
- The Mills at Jersey Gardens4.56.6 mi
- Hudson Yards4.712.1 mi
- Newark Liberty International Airport3.74.8 mi
- LaGuardia Airport4.118.9 mi
- Teterboro Airport4.412 mi
- North Shore University Hospital Heliport4.627.9 mi
- Chico Express3.914.3 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.