Professional grm calculator optimized for residential properties in Newark. Local market data shows 6.3% average cap rates and $395,000 median property values.
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The Newark, NJ residential real estate market offers unique investment opportunities. With a median home price of $395,000 and average cap rates of 6.3%,residential properties in this market present a strong yield profile.
Current market conditions show properties averaging 45 days on market, with year-over-year appreciation of 4.0%. Average cash-on-cash returns for residential investments in Newark are approximately 10.1%.