Interested in purchasing investment houses in the 07105 zip code in Newark, NJ?
The zip code 07105 is in Essex county with a latitude of -74.138840000000 and longitude of 40.722890000000, is in the state of New Jersey. The average asking price of houses and condos is $286,210.00 and the average sale price was $248,368.00. 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° 43' 22.404" N, 74° 8' 19.824" W. The county F.I.P.S. is 34013. The total land area is 4.6 square miles and the water area is 0.6 square miles. The elevation in this area is 3 - 20 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07105 is in county number 017 and is L. Sector 98, L. Segment 20, H. Sector 20, and H. Segment 20. The population was 52,575 in 2019 and 46,983 in 2010. This further breaks down to 27,985 males (53.2%) and 24,588 females (46.8%). The median age of residents is 35.6 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 11,321. This zip code has a combined total of 18,515 houses and condos. There are 13,732 rented appartments. 78% of residents rent versus the 78% 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 $32,202 and the average salary is $35,388. The median household income of individuals is $43,156.00 and the average is $39,270.00. This zip code has a mean commute time to work of 33.9 minutes. The unemployment rate is 5.6%. Income earners by percent breakdown as 56.60% (Under $50,000), 30.20% ($50,000-$100,000), and 13.20% earn over $100,000. 21.1% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 119.4. The educational breakdown is 66.3% have a high school education or higher, 14.7% have a bachelor's degree or higher, and 4.4% have some kind of profesional degree.
This area has 15,829 households and the average size is 2.8 people. Individuals who are single and have never been married are 41.2%, 42.9% are now married, 2.4% are separated, 3.8% are widowed, and 9.6% are divorced. The average yearly contribution amount given by people to charity was $2,097 versus the state average of $3,451. The percent of residents who gave to charity was 10.2%.
The estimated median value of houses and condos is $361,026. The median monthly owner costs of mortgage holders was $2,498, where as the costs for those who don't have a mortgage are $1,113. The median number of rooms in houses and condos are 5.0 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 2.2% which equated to an average real estate tax amount payment of $7,849. 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 $7,561. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.2% which amounted to an average tax amount of $8,509. Reported taxable interest for persons was $998, dividends $2,064, capital gains +$4,870, and itemized deductions $18,324. The average earned income tax credit is $2,261. The percent of individuals that use a tax preparer is 70.3%. The total average income taxes paid by individuals was $6,812. Businesses reported an average profit of $9,141.
Fernandes Steakhouse
158 Fleming Ave, Newark, NJ 07105
Ponderosa Steakhouse
85 Niagara St, Newark, NJ 07105
Allegro Seafood Grill
58 Kossuth St, Newark, NJ 07105
Adega Grill
130 Ferry St, Newark, NJ 07105
Seabra's Marisqueira
87 Madison St, Newark, NJ 07105
Flaming Grill
293 Ferry St, Newark, NJ 07105
Sabor Latino Restaurant
24 Wilson Ave, Newark, NJ 07105
Manna BBQ
28 Wilson Ave, Newark, NJ 07105
Spain Inc
419 Market St, Newark, NJ 07105
Delicias De Minas Restaurant
168 Mcwhorter St, Newark, NJ 07105
Brasilia Grill
99 Monroe St, Newark, NJ 07105
Sol-Mar Restaurant
267 Ferry St, Newark, NJ 07105
Forno's of Spain Restaurant
47 Ferry St, Newark, NJ 07105
Casa Vasca
141 Elm St, Newark, NJ 07105
Campino Restaurant
70 Jabez St, Newark, NJ 07105
Coimbra Bar & Restaurant
637 Market St, Newark, NJ 07105
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