Housing market/New Jersey/ZIP 07848
ZIP 07848 Lafayette, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 07848 · NJ — sent to you.
ZIP 07848 · NJ
ACS rent vs 2BR SAFMR
ZIP 07848 — Lafayette, NJ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 07848
- 1-unit detached1,27975.5%
- 1-unit attached1418.3%
- 2–4 units201.2%
- 5–49 units1388.1%
- Mobile1166.8%
2–4 unit share 1.2% · 5–49 unit share 8.1% · combined 2–49 9.3%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,438 (all bedrooms, occupied rentals).
- Median contract rent $1,234.
- Renters paying ≥30% of income 59.8%; ≥50% 16.0%.
- FY2027 2BR SAFMR $1,990 (1.384× ACS median gross rent).
Population
4,513 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -10.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: 1 properties, 10 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 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 07848 12.0% of occupied households are renters; vacancy is 4.8%; ACS median gross rent is $1,438; population changed -10.8% between the 2018 and 2023 ACS vintages; the housing stock includes 20 units in 2–4-unit structures and 138 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,990 versus ACS median gross rent of $1,438. 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 07848 is a Census / HUD profile for Newark, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 07848 — Lafayette, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory
Nearby ZIPs in this FMR area
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 07848?
ZIP 07848 (Newark, NJ HUD Metro FMR Area) has 4,513 residents, 1,613 households, a renter share of 12.0%, median household income of $116,042, and ACS 2023 median gross rent of $1,438. Vacancy is 4.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 07848?
ACS counts 5 units in 2-unit buildings, 15 in 3–4 unit buildings, 115 in 5–9, 23 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 158 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 07848?
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 07848 — Lafayette, NJ HUD Section 8 Payment Standards / SAFMR.
Does this New Jersey ZIP profile include Georgia listings?
No. ZIP 07848 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.