JeffCroweCRE

Housing market/New Jersey/ZIP 07114

ACS 2023 · FY2027 SAFMR

ZIP 07114 Newark, 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
12,658
Households
4,234
Median HH income
$34,167
Renter share
77.3%
Median gross rent
$616
Vacancy
9.8%
Pop. change
-0.7%
2BR SAFMR
$1,990
SAFMR / rent
3.231×
2–49 unit stock
2,741
LIHTC proj / units
5 / 92
HUD assisted MF
2 / 88

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 07114 · NJ — sent to you.

ZIP 07114 · NJ

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ACS rent vs 2BR SAFMR

ZIP 07114 — Newark, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$616
2BR SAFMR$1,990
90% floor$1,791
110% ceiling$2,189

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

Housing stock

ACS 2023 units-in-structure · ZCTA 07114

  • 1-unit detached3938.4%
  • 1-unit attached51110.9%
  • 2–4 units1,44330.7%
  • 5–49 units1,29827.7%
  • 50+ units1,04922.3%
TypeUnitsShare
1-unit detached3938.4%
1-unit attached51110.9%
2 units (duplex)75416.1%
3–4 units68914.7%
5–9 units52111.1%
10–19 units2435.2%
20–49 units53411.4%
50+ units1,04922.3%
Mobile00.0%

2–4 unit share 30.7% · 5–49 unit share 27.7% · combined 2–49 58.4%.

Units by bedrooms

Studio
257
1BR
1,624
2BR
1,124
3BR
1,474
4BR
184
5+
31

Rent burden

Rent ≥30% of income54.1%
Rent ≥50% of income31.5%
  • ACS median gross rent $616 (all bedrooms, occupied rentals).
  • Median contract rent $576.
  • Renters paying ≥30% of income 54.1%; ≥50% 31.5%.
  • FY2027 2BR SAFMR $1,990 (3.231× ACS median gross rent).

Population

12,658 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.7%.

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

Assisted inventory

  • LIHTC: 5 projects, 92 units.
  • HUD project-based assisted MF: 2 properties, 88 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 07114 77.3% of occupied households are renters; vacancy is 9.8%; ACS median gross rent is $616; population changed -0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 1,443 units in 2–4-unit structures and 1,298 units in 5–49-unit structures; 5 LIHTC projects totaling 92 units; FY2027 2BR SAFMR is $1,990 versus ACS median gross rent of $616. 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 07114 is a Census / HUD profile for Newark, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 07114 — Newark, 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 07114?

ZIP 07114 (Newark, NJ HUD Metro FMR Area) has 12,658 residents, 4,234 households, a renter share of 77.3%, median household income of $34,167, and ACS 2023 median gross rent of $616. Vacancy is 9.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 07114?

ACS counts 754 units in 2-unit buildings, 689 in 3–4 unit buildings, 521 in 5–9, 243 in 10–19, and 534 in 20–49. Combined 2–49 unit stock is 2,741 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 07114?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,990. See the full schedule and 90–110% payment-standard band on the ZIP 07114 — Newark, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 07114 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.