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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −4.3% YoY. inventory, −10.0% YoY, is the number to watch.
The median listing price is down 4.3% YoY while the median home got down 28.6% bigger, so value per square foot is up 21.6%.
U.S. Census ACS characteristics for ZIP 07105 itself, not its parent county.
Renters hold 84.1% of this ZIP's 19,099 occupied households, on a median household income of $60K.
| Measure | ZIP 07105 | Essex County | Difference |
|---|---|---|---|
| Median Household Income | $60K | $81K | -$21K |
| Below Poverty Level | 17.3% | 14.6% | +2.7% |
| Median Age | 34.20 | 37.70 | -3.50 |
| Total Population | 57,093 | 863,002 | -- |
| Avg Household Size | 2.83 | 2.63 | +0.20 |
| Owner-Occupied | 15.9% | 44.9% | -29.0% |
| Worked From Home | 4.2% | 16.1% | -11.9% |
| Mean Commute | 33.10 | 33.60 | -0.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.0% to 863,002: residents under 18 are up 0.7% and those 65 and over are up 2.7%.
County median household income is $81K, 14.6% of residents are below the poverty level, 16.1% work from home.