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Newark city, NJ

ZIP 07112 — 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 07112

Median Home Value
$306,100
Median Rent
$1,194
Affordability Snapshot
$84,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,966/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.5x
Home Price-to-Income Ratio

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

21.4 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 07112 in Newark city, NJ, a household would need roughly $84,000 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 $1,966. That is about 52% above the local median household income ($55,171), 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
29.9%-54% vs US avg
x
Vacancy Rate
8.2%-20% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
19.4%+52% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
32.0%-36% vs US avg
x
Mortgage-Free
23.3%-39% vs US avg
x
$306,100
Home Value
$1,194
Rent
1950
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached15.7%
  • 1-unit attached13.0%
  • 2-9 units46.4%
  • 10+ units24.7%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$306,100
Median rent$1,194
Owner-occupied29.9%
Vacant8.2%
Price-to-income5.5x
Est. income to buy$84,000