Interested in purchasing investment houses in the 07108 zip code in Newark, NJ?
The zip code 07108 is in Essex county with a latitude of -74.200200000000 and longitude of 40.723130000000, is in the state of New Jersey. The average asking price of houses and condos is $183,865.00 and the average sale price was $132,437.00. 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' 23.268" N, 74° 12' 0.72" 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 85 - 85 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07108 is in county number 013 and is L. Sector 00, L. Segment 01, H. Sector 04, and H. Segment 04. The population was 23,370 in 2019 and 24,386 in 2010. This further breaks down to 10,456 males (44.7%) and 12,914 females (55.3%). The median age of residents is 32.2 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 17,022. This zip code has a combined total of 11,206 houses and condos. There are 7,584 rented appartments. 84% of residents rent versus the 84% 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 $26,357 and the average salary is $26,414. The median household income of individuals is $22,887.00 and the average is $29,780.00. This zip code has a mean commute time to work of 38.8 minutes. The unemployment rate is 13.3%. Income earners by percent breakdown as 74.40% (Under $50,000), 19.70% ($50,000-$100,000), and 5.90% earn over $100,000. 33.9% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 118.9. The educational breakdown is 79.4% have a high school education or higher, 13.0% have a bachelor's degree or higher, and 2.8% have some kind of profesional degree.
This area has 8,553 households and the average size is 2.6 people. Individuals who are single and have never been married are 57.1%, 25.8% are now married, 4.4% are separated, 6.3% are widowed, and 6.4% are divorced. The average yearly contribution amount given by people to charity was $4,061 versus the state average of $3,451. The percent of residents who gave to charity was 11.9%.
The estimated median value of houses and condos is $224,909. The median monthly owner costs of mortgage holders was $2,182, where as the costs for those who don't have a mortgage are $922. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 2.5% which equated to an average real estate tax amount payment of $5,718. 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 2.3% which amounted to an average tax amount of $5,790. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.7% which amounted to an average tax amount of $5,613. Reported taxable interest for persons was $387, dividends $796, and itemized deductions $17,686. The average earned income tax credit is $2,814. The percent of individuals that use a tax preparer is 66.6%. The total average income taxes paid by individuals was $5,057. Businesses reported an average profit of $7,937.
Aishah Chinese Halal
1044 Bergen St, Newark, NJ 07112 (1.1 miles away)
New Crabpalace
215 Miller St, Newark, NJ 07114 (1.2 miles away)
9 Thai Cuisine
59 New St, Newark, NJ 07102 (1.4 miles away)
Orient Express
1073 Springfield Ave, Irvington, NJ 07111 (1.6 miles away)
Sunshine Restaurant
5 S Munn Ave, Newark, NJ 07106 (2.1 miles away)
Casa Brazil Steakhouse
1259 Liberty Ave, Hillside, NJ 07205 (2.3 miles away)
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