How much is a home worth in ZIP code 07018?

The typical home in 07018 is worth $466,679, based on the Zillow Home Value Index.

Are home values rising in 07018?

Home values in 07018 are down 0.3% over the past year, and up 6.2% a year over five years.

What is the typical rent in 07018?

A typical home in 07018 rents for about $2,107 a month, a gross rental yield of 5.4%.

What is the property tax rate in 07018?

The effective property tax rate in 07018 is 2.4% — roughly $11,273 a year on a typical home.

ZIP code 07018 has a population of 28,924 and a median household income of $62,564.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07018

Essex County · New York-Newark-Jersey City, NY-NJ

Typical home value

$466,679^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +6.2%
10-year / yr: +11.6%

Relative price

vs U.S.: +64.3%
vs metro: -36.0%
vs state: -18.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 07018 is worth $466,679 — 36.0% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $2,107 a month — a 5.4% gross rental yield. The effective property tax rate is 2.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,107^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.4%^[3]
Typical annual tax: $11,273^[3]

#Climate risk

FEMA National Risk Index ratings for Essex County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively High
Hurricane: Relatively Moderate
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 28,924^[3]
Median household income: $62,564^[3]

#Migration

Household moves in and out of Essex County over a year, from IRS tax-return data.

Net migration: -3,761^[5]
Moved in: 19,593
Moved out: 23,354

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 4
Middle: 1
High: 0

Langston Hughes Elementary School
Elementary · Grades PK–5 · East Orange School District
568 students
Benjamin Banneker Academy
Elementary · Grades PK–8 · East Orange School District
487 students
Dionne Warwick Institute
Elementary · Grades PK–5 · East Orange School District
412 students
Pride Academy Charter School
Middle · Grades 5–8 · Pride Academy Charter School District
297 students
Ecole Toussaint Louverture
Elementary · Grades PK–5 · East Orange School District
262 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.4%

Net yield (after ~40% expenses)3.3%

Annual rent$25,288

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,360

Loan principal$373,343

Down payment$93,336

Total interest paid$476,179

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.75

Monthly cost to own$3,690

Monthly rent$2,107

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 52nd percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 96th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for best 10-year appreciation in NJView list →

Frequently asked

How much is a home worth in ZIP code 07018?: The typical home in 07018 is worth $466,679, based on the Zillow Home Value Index.
Are home values rising in 07018?: Home values in 07018 are down 0.3% over the past year, and up 6.2% a year over five years.
What is the typical rent in 07018?: A typical home in 07018 rents for about $2,107 a month, a gross rental yield of 5.4%.
What is the property tax rate in 07018?: The effective property tax rate in 07018 is 2.4% — roughly $11,273 a year on a typical home.
Who lives in 07018?: ZIP code 07018 has a population of 28,924 and a median household income of $62,564.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

08722 vs 07018 →
Beachwood, NJ
Typical home
$467,238
Gross yield
—
12563 vs 07018 →
Putnam Lake CDP, NY
Typical home
$467,269
Gross yield
—
07114
Newark, NJ
Typical home
$467,687
Gross yield
5.1%
07106
Newark, NJ
Typical home
$464,818
Gross yield
5.6%
07601
Hackensack, NJ
Typical home
$464,790
Gross yield
6.6%
10034
New York, NY
Typical home
$464,708
Gross yield
6.2%

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#Jump to section

U.S. ZIP Code · NJ07018

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