How much is a home worth in ZIP code 07050?

The typical home in 07050 is worth $469,315, based on the Zillow Home Value Index.

Are home values rising in 07050?

Home values in 07050 are down 0.6% over the past year, and up 5.6% a year over five years.

What is the typical rent in 07050?

A typical home in 07050 rents for about $1,875 a month, a gross rental yield of 4.8%.

What is the property tax rate in 07050?

The effective property tax rate in 07050 is 2.7% — roughly $12,506 a year on a typical home.

ZIP code 07050 has a population of 34,181 and a median household income of $52,563.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07050

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

Typical home value

$469,315^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +5.6%
10-year / yr: +9.9%

Relative price

vs U.S.: +65.2%
vs metro: -35.7%
vs state: -17.6%

Price history

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

The typical home in 07050 is worth $469,315 — 35.7% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,875 a month — a 4.8% gross rental yield. The effective property tax rate is 2.7%.

#Rent & investment

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

Monthly rent: $1,875^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 2.7%^[3]
Typical annual tax: $12,506^[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: 34,181^[3]
Median household income: $52,563^[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: 11
Elementary: 7
Middle: 2
High: 1

Orange High School
High · Grades 9–12 · ORANGE BOARD OF EDUCATION School District
1,370 students
Lincoln Avenue Elementary School
Elementary · Grades PK–7 · ORANGE BOARD OF EDUCATION School District
708 students
Rosa Parks Community School
Middle · Grades 3–7 · ORANGE BOARD OF EDUCATION School District
538 students
Park Avenue Elementary School
Elementary · Grades PK–8 · ORANGE BOARD OF EDUCATION School District
417 students
Forest Street Community Elementary School
Elementary · Grades PK–7 · ORANGE BOARD OF EDUCATION School District
385 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$22,497

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$2,373

Loan principal$375,452

Down payment$93,863

Total interest paid$478,868

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 ratio2.03

Monthly cost to own$3,805

Monthly rent$1,875

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: 38th percentile^[1]
Rental yield: 41st percentile^[2]
Property tax: 99th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07050?: The typical home in 07050 is worth $469,315, based on the Zillow Home Value Index.
Are home values rising in 07050?: Home values in 07050 are down 0.6% over the past year, and up 5.6% a year over five years.
What is the typical rent in 07050?: A typical home in 07050 rents for about $1,875 a month, a gross rental yield of 4.8%.
What is the property tax rate in 07050?: The effective property tax rate in 07050 is 2.7% — roughly $12,506 a year on a typical home.
Who lives in 07050?: ZIP code 07050 has a population of 34,181 and a median household income of $52,563.

#Comparable ZIPs

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

07114 vs 07050 →
Newark, NJ
Typical home
$467,687
Gross yield
5.1%
12563 vs 07050 →
Putnam Lake CDP, NY
Typical home
$467,269
Gross yield
—
08722
Beachwood, NJ
Typical home
$467,238
Gross yield
—
07018
East Orange, NJ
Typical home
$466,679
Gross yield
5.4%
10601
White Plains, NY
Typical home
$472,398
Gross yield
8.6%
07106
Newark, NJ
Typical home
$464,818
Gross yield
5.6%

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#Jump to section

U.S. ZIP Code · NJ07050

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