dynamic.RE
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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 −2.4% YoY. inventory, +15.0% YoY, is the number to watch.
The median listing price is down 2.4% YoY while the median home got down 13.3% bigger, so value per square foot is up 25.1%.
U.S. Census ACS characteristics for ZIP 07108 itself, not its parent county.
Renters hold 81.0% of this ZIP's 11,383 occupied households, on a median household income of $36K.
| Measure | ZIP 07108 | Essex County | Difference |
|---|---|---|---|
| Median Household Income | $36K | $81K | -$45K |
| Below Poverty Level | 34.0% | 14.6% | +19.4% |
| Median Age | 32.80 | 37.70 | -4.90 |
| Total Population | 28,790 | 863,002 | -- |
| Avg Household Size | 2.52 | 2.63 | -0.11 |
| Owner-Occupied | 19.0% | 44.9% | -25.9% |
| Worked From Home | 6.4% | 16.1% | -9.7% |
| Mean Commute | 32.20 | 33.60 | -1.40 |
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.