07114, Newark, NJ

The 7114 zip code of Newark, NJ has a median home value of $122,000 and a median home equity value of $119,000. The average home in this zip code was built in 1966 and is approximately 1,500 square feet. Approximately one-third of the homes in this zip code are owner-occupied while two-thirds are rented. Home prices have increased significantly over the past several years due to an influx of new residents and an increase in demand for housing stock. In addition, the availability of affordable financing options has helped to fuel the market growth. Despite these positive trends, there are still some areas within the 7114 zip code that are struggling with high levels of home prices and low levels of home equity.