Market Snapshot
- Median listing price
- $545K
- Median rent
- $2,100/mo
- Days on market
- 335 days
- Gross rental yield
- 4.62%
- STR vs LTR
- $2,467/mo STR · $2,100/mo LTR
The median listing price in Newark, NJ ZIP 07106 is $545,000 as of June 2026.
The median market rent in Newark, NJ ZIP 07106 is $2,100/month as of June 2026.
The median days on market in Newark, NJ ZIP 07106 is 335 days as of June 2026. The market is currently neutral.
At a median list price of $545,000 and a median rent of $2,100/month, the gross rental yield in Newark, NJ ZIP 07106 is 4.62% as of June 2026.
In Newark, NJ ZIP 07106, median Airbnb revenue is $2,467/month compared to median long-term rent of $2,100/month as of June 2026.
Newark, NJ 07106 Real Estate Market Report
ZIP Code: 07106
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The primary market signal is the median sold price; 434,000 reflects recent transaction-level value and should be treated as the definitive indicator of neighborhood market value and recent liquidity, while the broader price year-over-year trend is down.
- Seller expectations remain above recent transaction levels: the 545,000 median listing price suggests a material asking-vs-sale spread that may indicate pricing friction and the need for price alignment if owners want quicker closings.
- Market velocity is slow based on the median days on market of 335, which points to slower sales velocity and suggests relatively constrained active supply in the analyzed sample rather than brisk turnover—this may prolong time-to-contract for sellers.
- Relative value context and carrying dynamics: the 2,100 median market rent alongside a 195 median price per square foot and a rental trend that is up suggest steady rental demand, but elevated interest rate pressure (elevated) may weigh on affordability and buyer purchasing power in the near term.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 1.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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