The story of this market
The typical home in ZIP 07105 sells for about $399,000, or $333 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,652 a month.
ZIP 07105 — Newark
The 07105 housing market is characterized by steady demand and limited inventory, with a high concentration of renter-occupied properties. Prices have seen modest year-over-year growth, supported by the area's strong transit connectivity and proximity to major employment hubs. Market conditions remain balanced as buyers navigate a competitive environment for entry-level housing.
This ZIP is ideal for commuters seeking proximity to NYC, young professionals, and families looking for a culturally rich, transit-oriented urban environment.
Median prices moved up 2.3% year over year.
Homes spend a median of 88 days on market with 4.8 months of supply — a balanced-paced 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 9.3% · poverty 17.3% — 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 6.6%/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 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 07105, Essex County, NJ
The area experiences crime rates typical of dense urban environments in the Newark region, with property crime being the primary concern. Local safety trends remain a focus for city-wide community policing initiatives.
Public schools in the area are part of the Newark Public Schools district, which faces ongoing challenges with academic performance and resource allocation compared to suburban counterparts.
The ZIP code is located in a low-lying urban area with potential for localized flooding during extreme weather events; property insurance premiums reflect standard urban risk profiles for the region.
Economic momentum is driven by the proximity to Newark Liberty International Airport and the Port of Newark, alongside ongoing redevelopment efforts in the Ironbound district.
Property taxes are assessed by the Essex County and Newark municipal authorities, with rates reflecting the high-density urban service requirements of the city.
Residents benefit from excellent transit access, including PATH trains and NJ Transit connections to New York City and Newark Penn Station, making it a hub for commuters.
The area features several local parks, including the historic Independence Park, and is known for its vibrant dining scene, particularly along Ferry Street.
The rental market is highly active with a high renter-occupancy rate, driven by demand from commuters and proximity to urban employment centers.
The economy is anchored by logistics, transportation, and service industries, benefiting from the proximity to the Port of Newark and Newark Airport.
The area is served by major highway corridors including I-95 (NJ Turnpike) and I-78, with extensive rail connectivity via Newark Penn Station.
Development is focused on transit-oriented residential growth and the revitalization of older industrial sites into modern housing.
The Essex County Board of Taxation oversees assessments, with properties typically reassessed to maintain market value alignment.
Parcels are subject to Newark municipal taxes and Essex County levies, with no significant MUD/PID districts reported.
Property insurance is standard for the region, with premiums influenced by urban density and flood zone designations.
New Jersey continues to see net domestic out-migration, though urban centers like Newark attract younger demographics.
New Jersey is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property condition disclosure statement at the time of listing.
Data retrieved from Census Reporter and data.census.gov for ZCTA 07105.
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 Dream4.57.1 mi
- Supercharged Entertainment4.818.4 mi
- DreamWorks Water Park4.37 mi
- Nickelodeon Universe Theme Park4.56.8 mi
- Color Factory NYC4.47.1 mi
- American Dream4.57.1 mi
- MetLife Stadium4.57.2 mi
- Madison Square Garden4.78 mi
- Yankee Stadium4.713.5 mi
- Barclays Center4.59.1 mi
- Times Square4.78.5 mi
- The Metropolitan Museum of Art4.810.1 mi
- Rockefeller Center4.78.9 mi
- Brooklyn Bridge4.87.7 mi
- Central Park4.810.1 mi
- The Metropolitan Museum of Art4.810.1 mi
- Rockefeller Center4.78.9 mi
- Empire State Building4.78.3 mi
- The Museum of Modern Art4.69 mi
- American Museum of Natural History4.69.7 mi
- Central Park4.810.1 mi
- 9/11 Memorial & Museum4.86.8 mi
- Bryant Park4.78.6 mi
- The High Line4.77.4 mi
- The Battery4.66.8 mi
- Pier 26 at Hudson River Park4.86.7 mi
- Pier 13 Hoboken4.56.6 mi
- Pier 814.57.8 mi
- Liberty Landing Marina4.65.3 mi
- North Cove Marina4.86.6 mi
- Galloping Hill Golf Course4.47.5 mi
- 21 Golf Range Powered by Toptracer4.511 mi
- Puttery4.77.1 mi
- Dyker Beach Golf Course4.19.7 mi
- Five Iron Golf4.98.2 mi
- American Dream4.57.1 mi
- Chelsea Market4.67.2 mi
- Macy's4.48.2 mi
- The Mills at Jersey Gardens4.54.6 mi
- Hudson Yards4.77.7 mi
- Newark Liberty International Airport3.73 mi
- LaGuardia Airport4.114.5 mi
- Teterboro Airport4.410.2 mi
- North Shore University Hospital Heliport4.623.3 mi
- Chico Express3.99.7 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 community park providing green space and recreational facilities.
Renowned for its high concentration of Portuguese and Brazilian restaurants.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.