The story of this market
The typical home in ZIP 07003 sells for about $689,795, or $350 per square foot.
Prices are up +7.8% 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 $1,824 a month.
ZIP 07003 — Bloomfield
The 07003 housing market is currently very competitive, characterized by low inventory and rising prices. Strong demand from commuters and limited supply are driving a 7.8% year-over-year price increase, with homes selling quickly at or above list price. The market remains stable with consistent activity in both sales and rentals.
This ZIP is ideal for commuters seeking a balance between suburban living and NYC accessibility, as well as families looking for established neighborhoods with diverse housing stock.
Median prices moved up 7.8% year over year.
Homes spend a median of 27 days on market with 0.7 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 102% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 8.6% — a stable, low-distress 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 8.7%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 07003, Essex County, NJ
Bloomfield generally experiences crime rates consistent with suburban New Jersey municipalities of similar density, with property crime being the most frequently reported category.
The area is served by the Bloomfield Public School District, which provides a range of educational services; school performance varies by individual campus within the district.
The area is subject to standard New Jersey flood and storm risk profiles; property owners are encouraged to verify specific flood zone designations through FEMA maps.
Bloomfield maintains steady economic momentum as a residential hub for the New York City metropolitan area, supported by transit-oriented development and local commercial corridors.
Property taxes in Bloomfield are assessed at the municipal, county, and school district levels, with the majority of the tax burden allocated to local school funding.
Residents benefit from proximity to the NJ Transit Bloomfield station, providing direct rail access to New York Penn Station, alongside major highway access via the Garden State Parkway.
The area features local parks such as Brookdale Park and Watsessing Park, offering trails and sports facilities, with diverse shopping and dining options along Bloomfield Avenue.
The rental market is characterized by high demand and low vacancy rates, driven by commuters seeking proximity to NYC and a robust local inventory of multi-family housing.
The local economy is anchored by a mix of retail, healthcare, and professional services, with many residents employed in the broader New York City labor market.
The area is well-connected via NJ Transit rail and bus lines, facilitating efficient commutes to Newark and New York City.
Ongoing redevelopment efforts in the town center are focused on increasing housing density and improving pedestrian infrastructure.
Parcels are subject to municipal, county, and school district tax levies; no special MUD/PID districts are prevalent.
Property insurance premiums are influenced by regional hazard risks, including storm-related wind and flood exposure.
Data retrieved from data.census.gov and ZCTA-level summary 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 Dream4.56.3 mi
- DreamWorks Water Park4.36.3 mi
- Nickelodeon Universe Theme Park4.56.2 mi
- Color Factory NYC4.410.8 mi
- Area 53 - Adventure Park4.515.1 mi
- American Dream4.56.3 mi
- MetLife Stadium4.56.1 mi
- Madison Square Garden4.710.7 mi
- Yankee Stadium4.713.9 mi
- Barclays Center4.513.7 mi
- Times Square4.711 mi
- Rockefeller Center4.711.3 mi
- The Metropolitan Museum of Art4.811.9 mi
- Central Park4.811.7 mi
- Brooklyn Bridge4.811.9 mi
- The Metropolitan Museum of Art4.811.9 mi
- Rockefeller Center4.711.3 mi
- Empire State Building4.711.2 mi
- The Museum of Modern Art4.611.3 mi
- American Museum of Natural History4.611.3 mi
- Central Park4.811.7 mi
- 9/11 Memorial & Museum4.811 mi
- Bryant Park4.711.2 mi
- The High Line4.710.2 mi
- The Battery4.611.2 mi
- Galloping Hill Golf Course4.49.1 mi
- 21 Golf Range Powered by Toptracer4.510 mi
- Puttery4.710.3 mi
- Five Iron Golf4.911 mi
- Baltusrol Golf Club4.79.8 mi
- American Dream4.56.3 mi
- Chelsea Market4.610.3 mi
- Macy's4.411 mi
- The Mills at Jersey Gardens4.59.6 mi
- Hudson Yards4.710.3 mi
- Newark Liberty International Airport3.77.7 mi
- LaGuardia Airport4.116.5 mi
- Teterboro Airport4.47.8 mi
- North Shore University Hospital Heliport4.625.5 mi
- Chico Express3.915.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large county park featuring walking paths, sports fields, and a rose garden.
A historic park offering recreational space and greenbelt access.
A central community resource and historic landmark.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.