ZIP Code 07104 — Newark, NJ Home Prices (2026)
The typical home in ZIP 07104 (Newark, New Jersey) is worth about $497,000 at roughly $179 per square foot — about the same as the Newark median and 69% more expensive than the typical U.S. home.
How 07104 compares
ZIP 07104 is a mid-priced ZIP code for Newark: its typical home value of $497,000 ranks #4 of the 9 Newark ZIP codes we track (the citywide range runs from $403,000 in 07103 to $558,000 in 07105). Per square foot it costs about $179, against $282 for Newark as a whole, $324 for New Jersey, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 07104 | $497,000 | $179 |
| Newark, NJ | $496,000 | $282 |
| New Jersey | $579,000 | $324 |
| United States | $294,000 | $195 |
Home value by size in 07104
Using this ZIP’s rate of about $179 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $179,000 |
| 1,500 sq ft | $268,500 |
| 2,000 sq ft | $358,000 |
| 2,500 sq ft | $447,500 |
| 3,000 sq ft | $537,000 |
Salary needed to buy a home in ZIP 07104
To buy the typical $497,000 home in ZIP 07104 with 20% down, you need a household income of roughly $135,000 a year (about $3,160 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $161,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $24,900 | $3,920/mo | $168,000/yr |
| 10% (+PMI) | $49,700 | $3,750/mo | $161,000/yr |
| 20% | $99,400 | $3,160/mo | $135,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 07104
At about $179 per square foot, here is roughly how much home different budgets get you in ZIP 07104:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 1400 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1680 sq ft | below the local median — condos, smaller or older homes |
| $400k | 2230 sq ft | around the typical home here |
| $500k | 2790 sq ft | around the typical home here |
| $600k | 3350 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 07104 home.
Estimate a specific home in 07104
The estimator below is pre-set to ZIP 07104 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Newark ZIP codes by home value
Where 07104 sits among Newark’s 9 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 07105 | $558,000 | $412 |
| 2 | 07107 | $507,000 | $306 |
| 3 | 07108 | $504,000 | $199 |
| 4 | 07104 (this page) | $497,000 | $179 |
| 5 | 07112 | $496,000 | $125 |
| 6 | 07114 | $465,000 | $282 |
| 7 | 07106 | $464,000 | $197 |
| 8 | 07102 | $405,000 | $442 |
| 9 | 07103 | $403,000 | $305 |
ZIP 07104 home prices: frequently asked
What is the average home price in ZIP code 07104? +
What is the price per square foot in 07104? +
What salary do you need to buy a house in ZIP 07104? +
Is 07104 an expensive ZIP code? +
See the full Newark home values page, all New Jersey cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.