How much is a home worth in ZIP code 07106?

The typical home in 07106 is worth $464,818, based on the Zillow Home Value Index.

Are home values rising in 07106?

Home values in 07106 are down 0.6% over the past year, and up 6.5% a year over five years.

What is the typical rent in 07106?

A typical home in 07106 rents for about $2,156 a month, a gross rental yield of 5.6%.

What is the property tax rate in 07106?

The effective property tax rate in 07106 is 1.4% — roughly $6,577 a year on a typical home.

ZIP code 07106 has a population of 36,383 and a median household income of $53,440.

HousingHandbookReference data

…

U.S. ZIP Code · NJ07106

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

Typical home value

$464,818^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +6.5%
10-year / yr: +9.3%

Relative price

vs U.S.: +63.6%
vs metro: -36.3%
vs state: -18.4%

Price history

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

The typical home in 07106 is worth $464,818 — 36.3% 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 $2,156 a month — a 5.6% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent: $2,156^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $6,577^[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: 36,383^[3]
Median household income: $53,440^[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: 6
Elementary: 5
Middle: 0
High: 0

Mt Vernon Place School
Elementary · Grades PK–8 · Newark Public School District
878 students
Speedway Avenue School
Elementary · Grades PK–8 · Newark Public School District
555 students
Ivy Hill Elementary School
Elementary · Grades PK–8 · Newark Public School District
467 students
Lincoln Elementary School
Elementary · Grades PK–8 · Newark Public School District
456 students
Newark Sch of Data Science and Information Technology
Secondary · Grades 9–11 · Newark Public School District
301 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$25,868

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$2,350

Loan principal$371,854

Down payment$92,964

Total interest paid$474,280

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 ratio1.52

Monthly cost to own$3,284

Monthly rent$2,156

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: 60th percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 32nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 07106?: The typical home in 07106 is worth $464,818, based on the Zillow Home Value Index.
Are home values rising in 07106?: Home values in 07106 are down 0.6% over the past year, and up 6.5% a year over five years.
What is the typical rent in 07106?: A typical home in 07106 rents for about $2,156 a month, a gross rental yield of 5.6%.
What is the property tax rate in 07106?: The effective property tax rate in 07106 is 1.4% — roughly $6,577 a year on a typical home.
Who lives in 07106?: ZIP code 07106 has a population of 36,383 and a median household income of $53,440.

#Comparable ZIPs

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

07601 vs 07106 →
Hackensack, NJ
Typical home
$464,790
Gross yield
6.6%
10034 vs 07106 →
New York, NY
Typical home
$464,708
Gross yield
6.2%
07018
East Orange, NJ
Typical home
$466,679
Gross yield
5.4%
08722
Beachwood, NJ
Typical home
$467,238
Gross yield
—
12563
Putnam Lake CDP, NY
Typical home
$467,269
Gross yield
—
07114
Newark, NJ
Typical home
$467,687
Gross yield
5.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 07106 against any other ZIP — full side-by-side table.

Compare 07106 →

#Jump to section

U.S. ZIP Code · NJ07106

Get more data on ZIPs like this

Get more data on ZIPs like this