How much is a home worth in ZIP code 07102?

The typical home in 07102 is worth $405,287, based on the Zillow Home Value Index.

Are home values rising in 07102?

Home values in 07102 are down 6.3% over the past year, and up 0.0% a year over five years.

What is the typical rent in 07102?

A typical home in 07102 rents for about $2,557 a month, a gross rental yield of 7.6%.

What is the property tax rate in 07102?

The effective property tax rate in 07102 is 1.0% — roughly $4,123 a year on a typical home.

ZIP code 07102 has a population of 12,358 and a median household income of $38,864.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07102

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

Typical home value

$405,287^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -6.3%
5-year / yr: 0.0%
10-year / yr: +4.9%

Relative price

vs U.S.: +42.7%
vs metro: -44.4%
vs state: -28.8%

Price history

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

The typical home in 07102 is worth $405,287 — 44.4% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 6.3%. Homes here rent for a typical $2,557 a month — a 7.6% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $2,557^[2]
Gross yield: 7.6%^[2]
Cap rate: 4.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $4,123^[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: 12,358^[3]
Median household income: $38,864^[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: 9
Elementary: 2
Middle: 1
High: 3

North Star Academy Charter School
Other · Grades K–12 · North Star Academy Charter School
6,476 students
TEAM Academy Charter School
Other · Grades K–12 · TEAM Academy Charter School
6,319 students
Great Oaks Legacy Charter School
Other · Grades PK–12 · Great Oaks Legacy Charter School
2,124 students
Science Park High School
High · Grades 7–12 · Newark Public School District
970 students
Technology High School
High · Grades 9–12 · Newark Public School District
654 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 yield7.6%

Net yield (after ~40% expenses)4.5%

Annual rent$30,688

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$2,049

Loan principal$324,230

Down payment$81,057

Total interest paid$413,537

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 ratio1.07

Monthly cost to own$2,732

Monthly rent$2,557

Owning and renting are roughly even.

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: 8th percentile^[1]
Rental yield: 96th percentile^[2]
Property tax: 25th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07102?: The typical home in 07102 is worth $405,287, based on the Zillow Home Value Index.
Are home values rising in 07102?: Home values in 07102 are down 6.3% over the past year, and up 0.0% a year over five years.
What is the typical rent in 07102?: A typical home in 07102 rents for about $2,557 a month, a gross rental yield of 7.6%.
What is the property tax rate in 07102?: The effective property tax rate in 07102 is 1.0% — roughly $4,123 a year on a typical home.
Who lives in 07102?: ZIP code 07102 has a population of 12,358 and a median household income of $38,864.

#Comparable ZIPs

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

10458 vs 07102 →
New York, NY
Typical home
$409,958
Gross yield
8.4%
07422 vs 07102 →
Highland Lakes CDP, NJ
Typical home
$400,314
Gross yield
—
07103
Newark, NJ
Typical home
$399,610
Gross yield
6.6%
07734
Keansburg, NJ
Typical home
$411,005
Gross yield
7.0%
07419
Hamburg, NJ
Typical home
$398,136
Gross yield
—
08087
Mystic Island CDP, NJ
Typical home
$414,947
Gross yield
6.9%

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Compare ZIPs

Pit ZIP 07102 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ07102

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