Zip Code
07114
City
Newark, NJ
Population & Migration
What is the forecasted population for Zip code 07114 Newark, NJ?
- Population census 2020
- 11,947
- Forecasted population 2025
- 12,619
- 5.6% vs. 2020
- Forecasted population 2030
- 12,353
- 3.4% vs. 2020
Zip code 07114 Newark, NJ population is forecasted to grow 5.6% by 2025 (0.9 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 12,619 people for 2025 zip code 07114 Newark, NJ will generate a good demand for housing, which is expected to have a deficit of 145 houses for 2030. Vacancy rate is 5.9 points above national US average.
- Total homes available 2020
- 4,260
- Estimated total home demand in 2030
- 4,405
- Total homes balance inventory
- 145
Average Household Income in zip code 07114 Newark, NJ
from Internal Revenue Service
- Average household income in 2021
- $40,683
Affordability
- Affordability Index
- 11
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 07114 Newark, NJ?
County total number of drinking water violations
590
+161%
226
County total number of drinking water contaminations
36
+57%
23
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