Zip Code
07108
City
Newark, NJ
Population & Migration
What is the forecasted population for Zip code 07108 Newark, NJ?
- Population census 2020
- 24,777
- Forecasted population 2025
- 29,978
- 21% vs. 2020
- Forecasted population 2030
- 33,627
- 35.7% vs. 2020
Zip code 07108 Newark, NJ population is forecasted to grow 21% by 2025 (16.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 29,978 people for 2025 zip code 07108 Newark, NJ will generate a good demand for housing, which is expected to have a deficit of 284 houses for 2030. Vacancy rate is 2.5 points above national US average.
- Total homes available 2020
- 11,464
- Estimated total home demand in 2030
- 11,748
- Total homes balance inventory
- 284
Average Household Income in zip code 07108 Newark, NJ
from Internal Revenue Service
- Average household income in 2021
- $47,131
Affordability
- Affordability Index
- 10
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 07108 Newark, NJ?
County total number of drinking water violations
499
+150%
200
County total number of drinking water contaminations
36
+71%
21
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