ZIP comparison · New York-Newark-Jersey City, NY-NJ
07107 vs 08724
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP07107Newark, NJ | ZIP08724Allenwood CDP, NJ |
|---|---|---|
| Home value | ||
| Typical home value | Better: $512,442 | $511,164 |
| 1-year appreciation | -2.8% | Better: +5.7% |
| 5-year CAGR | +4.4% | Better: +8.5% |
| 10-year CAGR | Better: +8.0% | +7.6% |
| Rent & investment | ||
| Monthly rent | Better: $1,979 | $2,796 |
| Gross yield | 4.6% | Better: 6.6% |
| Cap rate | 2.8% | Better: 3.9% |
| Property tax | ||
| Effective tax rate | 1.7% | Better: 1.5% |
| Typical annual tax | $8,892 | Better: $7,818 |
| Demographics | ||
| Population | 43,293 | 42,345 |
| Median household income | $51,242 | Better: $103,127 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -3,761 | Better: +263 |
| Schools | ||
| Public schools | 8 | 6 |
| Students enrolled | 4,614 | 4,064 |