dynamic.RE

State

City

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City

State

City

ZIP codes

Newark, NJ · 07175

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $81K, +5.3% YoY (county); renters hold 55.1% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

319,788

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 336,962

337Kunits

Occupied319,78894.9%

Vacant17,1745.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 319,788

320Koccupied

Owner143,57944.9%

Renter176,20955.1%

Renter Share

55.1%-0.7% YoY

Total Housing Units

336,962+0.4% YoY

FY2026 Fair Market Rent

CountyEssex County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,612

/month

1 BR

$1,822

/month

2 BR

$2,205

/month

3 BR

$2,761

/month

4 BR

$3,137

/month

FMR trends · Essex County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

37.72024

Population

Essex County Population

881,527+2.0% YoY

Households

Total Households

319,788+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.63+0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 863,002

863Kresidents

Under 18203,64123.6%

Adults 18–64536,72162.2%

65 & Over122,64014.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

203,641+0.7% YoY

Population 65 & Over

122,640+2.7% YoY

Median Age

37.700.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.3%

Moved (within US)9.6%

Other1.1%

Veterans

2.6%-3.7% YoY

County Economy

County median household income is $81K, 14.6% of residents are below the poverty level, 16.1% work from home.

Income

Median Household Income

$81K+5.3% YoY

Per-Capita Income

$49K+3.0% YoY

Mean Household Income

$132K+3.3% YoY

Poverty

Below Poverty Level

14.6%-2.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone52.7%

Public transit15.8%

Worked from home16.1%

Other15.4%

Worked From Home

16.1%+13.4% YoY

Mean Commute

33.60-1.2% YoY

Done with 07175? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Newark, NJ · 07175

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $81K, +5.3% YoY (county); renters hold 55.1% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

319,788

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 336,962

337Kunits

Occupied319,78894.9%

Vacant17,1745.1%

2024 Tenure ⓘ

U.S. Census ACS · n = 319,788

320Koccupied

Owner143,57944.9%

Renter176,20955.1%

Renter Share

55.1%-0.7% YoY

Total Housing Units

336,962+0.4% YoY

FY2026 Fair Market Rent

CountyEssex County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,612

/month

1 BR

$1,822

/month

2 BR

$2,205

/month

3 BR

$2,761

/month

4 BR

$3,137

/month

FMR trends · Essex County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

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%.

Median Age

37.72024

Population

Essex County Population

881,527+2.0% YoY

Households

Total Households

319,788+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.63+0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 863,002

863Kresidents

Under 18203,64123.6%

Adults 18–64536,72162.2%

65 & Over122,64014.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

203,641+0.7% YoY

Population 65 & Over

122,640+2.7% YoY

Median Age

37.700.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house89.3%

Moved (within US)9.6%

Other1.1%

Veterans

2.6%-3.7% YoY

County Economy

County median household income is $81K, 14.6% of residents are below the poverty level, 16.1% work from home.

Income

Median Household Income

$81K+5.3% YoY

Per-Capita Income

$49K+3.0% YoY

Mean Household Income

$132K+3.3% YoY

Poverty

Below Poverty Level

14.6%-2.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone52.7%

Public transit15.8%

Worked from home16.1%

Other15.4%

Worked From Home

16.1%+13.4% YoY

Mean Commute

33.60-1.2% YoY

Done with 07175? Put it next to another market.