Interested in purchasing investment houses in the 07106 zip code in Newark, NJ?
The zip code 07106 is in Essex county with a latitude of -74.230290000000 and longitude of 40.741790000000, is in the state of New Jersey. The average asking price of houses and condos is $159,476.00 and the average sale price was $118,158.00. 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° 44' 30.444" N, 74° 13' 49.044" W. The county F.I.P.S. is 34013. The total land area is 1.4 square miles and the water area is 0.0 square miles. The elevation in this area is 197 - 197 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07106 is in county number 013 and is L. Sector 00, L. Segment 01, H. Sector 90, and H. Segment 90. The population was 34,220 in 2019 and 31,298 in 2010. This further breaks down to 15,837 males (46.3%) and 18,382 females (53.7%). The median age of residents is 35.8 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 24,018. This zip code has a combined total of 14,174 houses and condos. There are 8,033 rented appartments. 68% of residents rent versus the 68% 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 $33,401 and the average salary is $32,903. The median household income of individuals is $40,621.00 and the average is $36,720.00. This zip code has a mean commute time to work of 39.3 minutes. The unemployment rate is 13.5%. Income earners by percent breakdown as 58.30% (Under $50,000), 29.00% ($50,000-$100,000), and 12.80% earn over $100,000. 21.3% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 115.6. The educational breakdown is 85.9% have a high school education or higher, 18.1% have a bachelor's degree or higher, and 5.7% have some kind of profesional degree.
This area has 11,348 households and the average size is 2.9 people. Individuals who are single and have never been married are 49.5%, 34.0% are now married, 4.2% are separated, 6.0% are widowed, and 6.3% are divorced. The average yearly contribution amount given by people to charity was $3,866 versus the state average of $3,451. The percent of residents who gave to charity was 19.0%.
The estimated median value of houses and condos is $241,385. The median monthly owner costs of mortgage holders was $2,050, where as the costs for those who don't have a mortgage are $870. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 2.3% which equated to an average real estate tax amount payment of $5,490. 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 2.2% which amounted to an average tax amount of $5,461. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.6% which amounted to an average tax amount of $5,595. Reported taxable interest for persons was $368, dividends $937, capital gains +$563, and itemized deductions $18,192. The average earned income tax credit is $2,454. The percent of individuals that use a tax preparer is 68.8%. The total average income taxes paid by individuals was $5,361. Businesses reported an average profit of $6,080.
Sunshine Restaurant
5 S Munn Ave, Newark, NJ 07106
Orient Express
1073 Springfield Ave, Irvington, NJ 07111 (1.1 miles away)
Nemo's Seafood
230 Rhode Island Ave, East Orange, NJ 07018 (1.2 miles away)
14 Academy St Noodles Group Inc
14 Academy St, South Orange, NJ 07079 (1.3 miles away)
American Best Wings in Orange NJ
502 Main St, Orange, NJ 07050 (1.9 miles away)
Arturo's Wood Fired Pizeria
180 Maplewood Ave, Maplewood, NJ 07040 (1.9 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
