Real Estate Market Update for 07108 (Newark, NJ)
Map Information for 07108 (Newark, NJ)
Area Information for 07108 (Newark, NJ)
  • Community Character: Moderate Residential Turnover
  • Population: 25,445
  • Median Age: 35.25 yr
  • Median Commute Time: 27.59 mins
  • Educational Climate*: 2
  • Recycling Likelihood**: 63
  • Sales Tax: 7%
  • Population Density: 18,714/sq mi
  • Population Change Since 2000: 0%
  • Closest Airport: Newark Liberty International
  • Closest College: Rutgers Newark
  • Closest Jr. College: Essex County College
  • Median Household Income: $27,471
  • Annual Residential Turnover: 20.37%
  • Median Years in Residence: 2.43 yr
  • Median Home Sales Price: $146,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 41%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 07108 (Newark, NJ)
Median Age: 35.25 Married: 16% Number of Households: 8,931 Households with Children: 3,998
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07108 (Newark, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Clinton Avenue Ecc 0.1 mi Public PRESCHOOL/KINDERGARTEN 0 0
      Brick - Avon Academy 0.2 mi Public K - 8 0 4
      Belmont Runyon Elementary School 0.3 mi Public K - 5 0 3
      North Star Academy - Clinton Hill 0.3 mi Public 5 - 8 0 0
      Fast Track Success Academy 0.5 mi Public K - 12 0 0
      Malcolm X Shabazz High School 0.5 mi Public 9 - 12 0 3
      University High School 0.5 mi Public 7 - 12 3 4
      Central High School 0.6 mi Public 9 - 12 0 4
      Eighteenth Avenue School 0.6 mi Public K - 8 1 5
      Madison Elementary School 0.6 mi Public K - 5 0 2
      Louise A Spencer Elementary School 0.7 mi Public K - 8 0 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for 07108 (Newark, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.