JeffCroweCRE

Housing market/New Jersey/ZIP 07111

ACS 2023 · FY2027 SAFMR

ZIP 07111 Irvington, New Jersey

Newark, NJ HUD Metro FMR Area · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
60,334
Households
22,166
Median HH income
$59,232
Renter share
70.7%
Median gross rent
$1,324
Vacancy
8.3%
Pop. change
+11.7%
2BR SAFMR
$2,040
SAFMR / rent
1.541×
2–49 unit stock
16,140
LIHTC proj / units
11 / 756
HUD assisted MF
4 / 453

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 07111 · NJ — sent to you.

ZIP 07111 · NJ

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 07111 — Irvington, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,324
2BR SAFMR$2,040
90% floor$1,836
110% ceiling$2,244

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 07111

  • 1-unit detached4,15817.2%
  • 1-unit attached1,1394.7%
  • 2–4 units9,60339.7%
  • 5–49 units6,53727.0%
  • 50+ units2,69511.1%
  • Mobile440.2%
TypeUnitsShare
1-unit detached4,15817.2%
1-unit attached1,1394.7%
2 units (duplex)4,36918.1%
3–4 units5,23421.6%
5–9 units1,9288.0%
10–19 units2,3079.5%
20–49 units2,3029.5%
50+ units2,69511.1%
Mobile440.2%

2–4 unit share 39.7% · 5–49 unit share 27.0% · combined 2–49 66.8%.

Units by bedrooms

Studio
2,645
1BR
6,400
2BR
6,893
3BR
6,297
4BR
1,356
5+
585

Rent burden

Rent ≥30% of income49.2%
Rent ≥50% of income25.0%
  • ACS median gross rent $1,324 (all bedrooms, occupied rentals).
  • Median contract rent $1,187.
  • Renters paying ≥30% of income 49.2%; ≥50% 25.0%.
  • FY2027 2BR SAFMR $2,040 (1.541× ACS median gross rent).

Population

60,334 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +11.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 11 projects, 756 units.
  • HUD project-based assisted MF: 4 properties, 453 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,942 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 07111 70.7% of occupied households are renters; vacancy is 8.3%; ACS median gross rent is $1,324; population increased +11.7% between the 2018 and 2023 ACS vintages; the housing stock includes 9,603 units in 2–4-unit structures and 6,537 units in 5–49-unit structures; 11 LIHTC projects totaling 756 units; FY2027 2BR SAFMR is $2,040 versus ACS median gross rent of $1,324. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 07111 is a Census / HUD profile for Newark, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07111 — Irvington, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
07003Newark, NJ HUD Metro FMR Area47.9%$1,775$2,60007004Newark, NJ HUD Metro FMR Area20.7%$2,576$3,35007005Newark, NJ HUD Metro FMR Area29.0%$1,779$2,46007006Newark, NJ HUD Metro FMR Area26.5%$1,973$2,65007007Newark, NJ HUD Metro FMR Area——$2,11007009Newark, NJ HUD Metro FMR Area16.6%$1,693$2,52007016Newark, NJ HUD Metro FMR Area21.6%$2,116$2,87007017Newark, NJ HUD Metro FMR Area68.7%$1,346$1,99007018Newark, NJ HUD Metro FMR Area77.7%$1,410$2,10007019Newark, NJ HUD Metro FMR Area——$2,11007021Newark, NJ HUD Metro FMR Area3.2%$3,501$2,86007023Newark, NJ HUD Metro FMR Area13.5%$2,368$3,130

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 07111?

ZIP 07111 (Newark, NJ HUD Metro FMR Area) has 60,334 residents, 22,166 households, a renter share of 70.7%, median household income of $59,232, and ACS 2023 median gross rent of $1,324. Vacancy is 8.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07111?

ACS counts 4,369 units in 2-unit buildings, 5,234 in 3–4 unit buildings, 1,928 in 5–9, 2,307 in 10–19, and 2,302 in 20–49. Combined 2–49 unit stock is 16,140 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07111?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,040. See the full schedule and 90–110% payment-standard band on the ZIP 07111 — Irvington, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07111 is Census / HUD research for Newark, NJ HUD Metro FMR Area. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.