Median home value in zip code 07108 (Newark, NJ) is $490,960, down 1.0% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$490,960

YoY Change

-1.0%

Prices falling — better for buyers.

Affordability

Enter your income for 07108 (Newark).

Income (annual)

Down Payment

$98,192 on $490,960

Example: $75,000 household income. Change it above to see your own.

Out of reach47.3% of income

Need $126,814/yr to afford.

PITI$2,959

P/I47.3%

Afford$290K

Gap-$201K

P&I $2,483Tax $360Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

07108 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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