U.S. ZIP Code · NJ07114
Essex County · New York-Newark-Jersey City, NY-NJ
Appreciation
- 1-year
- -4.0%
- 5-year / yr
- +2.4%
- 10-year / yr
- +6.9%
Relative price
- vs U.S.
- +64.6%
- vs metro
- -35.9%
- vs state
- -17.9%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 07114 is worth $467,687 — 35.9% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 4.0%. Homes here rent for a typical $1,991 a month — a 5.1% gross rental yield. The effective property tax rate is 2.1%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 2
- Elementary
- 0
- Middle
- 1
- High
- 1
Link Community Charter School
Middle · Grades K–8 · Link Community Charter School
358 students
NORTHERN STATE PRISON
High · Grades 9–12 · OFFICE OF EDUCATIONAL SERVICES DEPARTMENT OF CORRECTIONS
0 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 07114?
- The typical home in 07114 is worth $467,687, based on the Zillow Home Value Index.
- Are home values rising in 07114?
- Home values in 07114 are down 4.0% over the past year, and up 2.4% a year over five years.
- What is the typical rent in 07114?
- A typical home in 07114 rents for about $1,991 a month, a gross rental yield of 5.1%.
- What is the property tax rate in 07114?
- The effective property tax rate in 07114 is 2.1% — roughly $9,709 a year on a typical home.
- Who lives in 07114?
- ZIP code 07114 has a population of 13,670 and a median household income of $36,019.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Putnam Lake CDP, NY
- Typical home
- $467,269
- Gross yield
- —
Beachwood, NJ
- Typical home
- $467,238
- Gross yield
- —
East Orange, NJ
- Typical home
- $466,679
- Gross yield
- 5.4%
NJ
- Typical home
- $469,315
- Gross yield
- 4.8%
Newark, NJ
- Typical home
- $464,818
- Gross yield
- 5.6%
Hackensack, NJ
- Typical home
- $464,790
- Gross yield
- 6.6%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 07114 against any other ZIP — full side-by-side table.
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