07106, Newark, NJ

The home equity and home prices in the 7106 zip code of Newark, NJ are very high. The median home value in this zip code is $269,000, which is more than double the national median home value of $130,000. Additionally, the percentage of homes in this zip code that are worth more than $500,000 is significantly higher than the national percentage of homes that are worth more than $500,000. This indicates that there are a lot of affluent residents in this zip code.

One reason for the high home values and percentage of homes that are worth more than $500,000 in this zip code is likely due to its proximity to downtown Newark and other major economic hubs. Additionally, many wealthy residents may have chosen to live in this area because it has good schools and infrastructure.