07107, Newark, NJ

The home equity and home prices in the 7107 zip code of Newark, NJ are very high. In fact, according to Zillow, the median home value in this zip code is $269,000. This is a far cry from the median home value of $122,500 that is found throughout much of New Jersey. The high home values in this zip code may be due to a number of factors, including the presence of prestigious universities such as Rutgers University and New York University nearby, as well as a strong economy. Additionally, many homeowners in this zip code have taken advantage of low interest rates over the past few years to increase their equity in their homes. As a result, they may be more likely to sell their homes than homeowners who live in other parts of New Jersey or even nationwide.

Despite the high home values found in this zip code, there are still many opportunities for buyers who are interested in purchasing or investing in homes here. First and foremost, Newark is one of the most affordable cities in America – making it an ideal place for first-time buyers or those looking to purchase a starter home. Additionally, there are plenty of neighborhoods within Newark that offer a variety of housing options – whether you’re looking for single-family homes or apartments that offer convenient access to public transportation and major shopping centers. Finally, despite the high prices associated with homes located within this zip code, there are still some great deals available if you’re willing to look hard enough – especially if you’re prepared to make some sacrifices on certain aspects of your budget (such as size or location).