Interested in purchasing investment houses in the 07104 zip code in Newark, NJ?
The zip code 07104 is in Essex county with a latitude of -74.168310000000 and longitude of 40.767340000000, is in the state of New Jersey. The average asking price of houses and condos is $236,565.00 and the average sale price was $164,541.00. this regions is classified as the New York City metro area and consists of the following area codes: 862 and 973. The location in degrees is 40° 46' 2.424" N, 74° 10' 5.916" W. The county F.I.P.S. is 34013. The total land area is 2.5 square miles and the water area is 0.1 square miles. The elevation in this area is 79 - 82 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07104 is in county number 013 and is L. Sector 02, L. Segment 51, H. Sector 70, and H. Segment 70. The population was 51,632 in 2019 and 50,478 in 2010. This further breaks down to 25,391 males (49.2%) and 26,240 females (50.8%). The median age of residents is 34.4 years. The population of the greater New York-Northern New Jersey-Long Island, NY-NJ-PA area is 19,113,505. The population density (people per square mile) is 20,371. This zip code has a combined total of 21,115 houses and condos. There are 14,815 rented appartments. 77% of residents rent versus the 77% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $31,027 and the average salary is $31,093. The median household income of individuals is $34,454.00 and the average is $36,360.00. This zip code has a mean commute time to work of 34.0 minutes. The unemployment rate is 7.3%. Income earners by percent breakdown as 64.80% (Under $50,000), 24.30% ($50,000-$100,000), and 10.90% earn over $100,000. 23.1% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 119.1. The educational breakdown is 74.3% have a high school education or higher, 19.1% have a bachelor's degree or higher, and 5.1% have some kind of profesional degree.
This area has 17,436 households and the average size is 2.6 people. Individuals who are single and have never been married are 51.4%, 31.3% are now married, 3.1% are separated, 5.2% are widowed, and 9.0% are divorced. The average yearly contribution amount given by people to charity was $3,268 versus the state average of $3,451. The percent of residents who gave to charity was 11.7%.
The estimated median value of houses and condos is $305,960. The median monthly owner costs of mortgage holders was $2,103, where as the costs for those who don't have a mortgage are $1,072. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 2.2% which equated to an average real estate tax amount payment of $6,793. In comparision, the average real estate tax percent rate in the state is 2.4% which equated to an average real estate tax amount payment in the state of $8,432. The median housing property tax percent for residents with mortgages was 2.1% which amounted to an average tax amount of $6,648. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.5% which amounted to an average tax amount of $7,381. Reported taxable interest for persons was $500, dividends $1,976, capital gains +$926, and itemized deductions $18,544. The average earned income tax credit is $2,529. The percent of individuals that use a tax preparer is 69.2%. The total average income taxes paid by individuals was $6,115. Businesses reported an average profit of $8,838.
Tu Pais Restaurant
618 Broadway, Newark, NJ 07104
Pizza Town Pizzeria
883 Mount Prospect Ave, Newark, NJ 07104
Luigi's Italian Tradition
561 Bloomfield Ave, Newark, NJ 07107 (1.1 miles away)
Hodnett's Steakhouse
188 Midland Ave, Kearny, NJ 07032 (1.2 miles away)
Eleazar Steakhouse
618 Frank E Rodgers Blvd N, Harrison, NJ 07029 (1.8 miles away)
Belmont Tavern
12 Bloomfield Ave, Belleville, NJ 07109 (2 miles away)
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