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Zillow Home Value Index, Zillow Home Value Index, bottom tier and Zillow Observed Rent Index, and every figure derived from them, reports included.

ZIP code

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ZIP 07103

Computed from the data · not AIComputed from the data, not AI. The figures, rankings, costs, profiles, summaries and maps on this page are assembled from published data by fixed rules, not written by AI. When a region includes a labelled interpretation inside its expanded detail, that is the one part a language model wrote.

Housing market

Figures & sources

Typical home value

$399,304

+20.5%

20212026
Sep 2026 $399,304

Zillow · Sep 2026

Modeled value—not a sale price or appraisal.

Where it sits 546 of 598 NJ ZIP codes · Sep 2026

Middle 50%: $451k–$757k · medianMedian. The middle value: half are above it and half below. Unlike an average, a few very large values do not pull it up. $574k

07103 $399,304Highlighted

Typical market rent

$2,149 / month

+29.5%

20222026
Sep 2026 $2,149

Zillow · Sep 2026

Market benchmark, not existing tenants’ bills. Utilities extra.

Where it sits 258 of 598 NJ ZIP codes · Sep 2026

Middle 50%: $2,165–$2,895 · medianMedian. The middle value: half are above it and half below. Unlike an average, a few very large values do not pull it up. $2,481

07103 $2,149Highlighted

Box: middle half of ZIP codes · line: median · ends: min–max. Hover, drag or use ← → to explore ZIP codes.

Same-month statewide comparisons—not just nearby ZIP codes. Trends use separate scales and nominal dollars, not inflation-adjusted.

24.6% Owner-occupiedRented 75.4%

Occupied homes · Census ACSACS. American Community Survey: the Census Bureau’s rolling survey. Figures here are five-year estimates, so “2023” means the survey years 2019–2023, not a count taken that year. 2020–2024 · 90% margin: ± 3.0 points

Monthly costs

Published starting figures: home value Sep 2026 · rent Sep 2026 · mortgage benchmark Oct 22, 2026. Your inputs adjust the estimates below.

Use your numbers Adjust the estimate

Add your income to compare it with the payment above. Included costs only; missing: Property tax.

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What you enter changes this page’s arithmetic only — never this place’s published figures or its rankings.

To own the typical homeTo own. The typical home’s value, houses and condos (Zillow Home Value Index, Sep 2026), less a 20% down payment, borrowed over 30 years at 7.32% — the national benchmark for a 30-year fixed loan (Freddie Mac’s weekly survey, via FRED, Oct 22, 2026), not a quote for any borrower. A month adds property tax, homeowners insurance, any mortgage insurance, utilities and upkeep, each with where it comes from; HOA fees and flood insurance only if you enter them. The tax bill is the area’s median from New Jersey’s assessment records unless you enter a bill — never worked out from the price.

$2,911estimated cash paid each month, including principalPrincipal. The part of a mortgage payment that pays down the loan itself, rather than interest. It stays yours, as equity in the home.

Partial estimatePartial estimate. This total leaves out property tax: no published figure covers it for this place. Enter yours under ‘Your numbers’ to complete it. · not a lender quote

At other mortgage rates
RatePrincipal and interestThe month
5%$1,715$2,431
6%$1,915$2,632
7%$2,125$2,842
8%$2,344$3,061

The same home, down payment and costs at each rate. Assumptions to compare, not a forecast of where rates go.

Point at or tap a colour to see what it pays for.

Money gone $2,665Into the home $246

  • Interest$1,949
  • Homeowners insurance$94
  • Utilities$290
  • Upkeep$333

Money gone$2,665

Into the home$246

To rent the typical homeTo rent. Zillow Observed Rent Index for this place (Sep 2026): the typical rent asked for homes listed for rent, across every kind of rental home — mostly apartments — smoothed and seasonally adjusted. It is what a new tenant is asked, not what tenants already in place pay, and it does not include utilities.

$2,149a month, all of it gone

  • Rent$2,149

Money gone$2,149

Into a home$0

Owning costs $762 more a month than renting; $246 of the owning payment goes into the home.

Not included: the owning estimate leaves out property tax, HOAHOA. A homeowners or condominium association, which charges owners a monthly fee for shared upkeep and amenities. It is set by each building or community, so no published figure covers it. or condo fees, flood insurance and what the down payment could earn.

Comparing the two: A house usually rents for more than this: Zillow’s rent covers every kind of rental home, mostly apartments, while its home value covers single-family houses only. Owning includes utilities; a quoted rent usually does not.

Five years back, not a forecast: Over the last five years the typical home here gained about $1,133 a month in value (Sep 2021 to Sep 2026) — what happened, not a promise. Buyers then borrowed at 2.90% (Sep 2021), against 7.32% (Oct 22, 2026).

Tax: Property tax is not included: New Jersey’s assessment records give it by municipality and county, not by ZIP code.

About this place

Housing profile

Typical household incomeTypical household income. The income of the household in the middle: half of households here earn more, half less. From the Census Bureau’s survey, pooled over five years. Before tax, per year; survey years 2020–2024.Kind of figure: Survey estimate

$51,534± $4,303

lower than most · 522–564 of 574 ZIP codes

Renters spending over 30%Renters spending over 30%. The share of renting households spending more than 30% of their income on rent and utilities. From the Census survey for 2020–2024; not the share of all households.Kind of figure: Survey estimate

59.2%± 4.7 points

hard to tell from most · 158–558 of 569 ZIP codes

More about the housing here
Households that ownHouseholds that own. The share of occupied homes lived in by their owners rather than rented out, from the Census Bureau’s American Community Survey five-year estimate.Kind of figure: Survey estimate

24.6%± 3.0 points

fewer than most · 550–584 of 595 ZIP codes

Homes standing emptyHomes standing empty. The share of all homes standing empty, including holiday homes and homes for sale or rent.Kind of figure: Survey estimate

7.7%± 1.5 points

hard to tell from most · 58–293 of 595 ZIP codes

Local stories

Prices & paychecks

$318,800 owner-reported home value

Survey values—not current asking prices.

Census ACS · 2020–2024

The homes that sold

Local records unavailable

Coverage limited · no substitute data.

Coverage limited · No matching period

Housing cost burden

Local records unavailable

Coverage limited · no substitute data.

Coverage limited · No matching period

Buyer financing

$515,000 median purchase mortgage

Tract-based estimate · historical loans.

CFPB · HMDA · 2025

Building & demolition

Local records unavailable

Coverage limited · no substitute data.

Coverage limited · No matching period

County arrivals & departures

Essex County: 3,761 more tax returns leaving

County context—not town-level moves.

IRS migration · County context · 2022–2023

Getting around

32-minute average commute

One-way mean—not your route.

Census ACS · 2020–2024

Where students go

5% of K–12 students who live here attend a private school

Where students live—charter and vocational schools count as public.

Census ACS · 2020–2024

Water you can check

1 of 1 water systems with past health-based violations

System history—not today’s tap water.

EPA / NJDEP · 2021–2025

Flood exposure & claims

0.0% of homes in FEMA’s 1%-a-year flood zone

Mapped homes—not an address-specific risk assessment.

FEMA NFHL / NJDEP · Map copy 2026 · 2020 homes

Sites & cleanup

49 site cleanups open in NJDEP’s records

Site records—not a property’s exposure or safety.

NJDEP site records · 2026 record snapshot

Power & reliability

66.3 minutes without power per customer

Utility-wide—not this town’s outage record.

EIA-861 · Utility-wide · 2025

Health in context

07103: health in context

Modeled estimates—not a diagnosis or local headcount.

CDC PLACES · 2023 basis · 2025 release

Internet availability

100.0% of mapped locations have a fiber offer

Mapped locations—not households or measured speeds.

FCC provider reports · 2025-12-31 · revised 2026-10-13

Checking a particular home? Open the buyer’s guide checks → · Check the supplier’s current water records ↗. System records do not describe a private well.

Similar cheaper places

The two ZIP codes most like ZIP 07103 whose typical home value is at least 10% lower, with workers commuting no more than 10 minutes longer.

“Like here” means only single-family detached homes, homeownership rate, households with children and homes within half a mile of a rail stop: not schools, safety or anything else. Prices are Zillow’s typical home value, an estimate, not recorded sales: sales are filed by town, so no ZIP code has a sale price. ZIP codes are compared only with ZIP codes.

Compare these side by side

ZIP 07103ZIP 08104ZIP 08401
Matched on
Single-family detached homesSingle-family detached homes. The share of homes here that are houses standing on their own, as the Census counts them.Kind of figure: Survey estimateWhy it matters: Says whether a place is mostly houses or mostly apartments, which shapes what is for sale and for rent.12.9%8.8%15.6%
Homeownership rateHomeownership rate. The share of occupied homes lived in by their owners rather than rented out.Kind of figure: Survey estimateWhy it matters: It shows whether a place is mostly owners or has plenty of rentals.24.6%30.7%30.2%
Households with childrenHouseholds with children. The share of households here with at least one child under 18.Kind of figure: Survey estimateWhy it matters: Families with children look for space and schools, which shapes what homes are in demand.35.4%42.6%27.9%
Homes within half a mile of a rail stopHomes within half a mile of a rail stop. The share of homes within half a mile, in a straight line, of a commuter rail, PATH, PATCO, subway or light rail stop.Kind of figure: Calculated hereWhy it matters: Nearness to a station, not how often trains call there.20.0%11.9%11.9%
Price
Home value index, houses and condosHome value index, houses and condos. Zillow’s estimate of what a typical home here is worth, counting houses, condos and co-ops: one in the middle of the local market, not the cheapest or the dearest.Kind of figure: Modelled estimateWhy it matters: It is the closest thing to “what a house costs here”, the figure a buyer’s budget starts from.$399,304$131,989$219,284
Also compare
Commute, minutes each wayCommute, minutes each way. How many minutes the average worker living here takes to get to work, one way, not counting those who work from home.Kind of figure: Survey estimateWhy it matters: A cheaper home farther out can cost hours a week in travel.31.7 min23.0 min23.6 min
Residents' jobs in New York CityResidents' jobs in New York City. The share of residents’ jobs located in New York City’s five boroughs.Kind of figure: Calculated hereWhy it matters: Where many residents work in the city, the trip across the Hudson shapes daily life and costs.9.9%1.1%0.9%

within 3 points of ZIP 07103 · within 8 · further, on each matched share.