Metro area index
Home appreciation in the Newark, NJ metropolitan division
FHFA HPI® data shows the Newark, NJ metropolitan division's all-transactions index changed +6.3% over the year to Q2 2026, versus +5.5% for New Jersey and +3.0% for the U.S. That ranks 52nd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.3%
- 5-year change
- +53.7%
- Since Q1 1995
- +307%
- Metro rank (1 year)
- 52nd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Newark, NJ vs New Jersey and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Newark, NJ: 406.5
- New Jersey: 420.2
- United States: 391.6
Appreciation by time window
| Window | Metro | NJ | U.S. | Gap vs NJ | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.3% | +5.5% | +3.0% | +0.9 pts | +3.3 pts |
| 3 years | +24.1% | +24.2% | +12.9% | −0.1 pts | +11.3 pts |
| 5 years | +53.7% | +58.3% | +41.3% | −4.5 pts | +12.5 pts |
| 10 years | +90.0% | +99.2% | +93.3% | −9.1 pts | −3.3 pts |
| Since Q1 1995 | +307% | +320% | +292% | −13.6 pts | +15.0 pts |
3-digit ZIP regions in the Newark, NJ area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 071 · Newark, NJ area | NJ | +4.8% | +56.2% | +358% | 100% |
| 072 · Elizabeth, NJ area | NJ | +6.3% | +53.7% | +307% | 100% |
| 079 · Summit, NJ area | NJ | +8.7% | +50.0% | +301% | 82% |
| 078 · Dover, NJ area | NJ | +6.3% | +57.8% | +256% | 81% |
| 070 · Clifton, NJ area | NJ | +6.4% | +53.0% | +348% | 47% |
| 074 · Fair Lawn, NJ area | NJ | +5.4% | +53.6% | +279% | 23% |
| 088 · Perth Amboy, NJ area | NJ | +3.6% | +55.2% | +284% | 12% |
Boom, bust, and recovery in Newark, NJ area
Newark, NJ area's index peaked in Q1 2007, fell 20.3% to its low in Q2 2012, and regained its peak in Q4 2020, about 13.8 years after the top. Today it sits +64.7% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2012 | -20.3% | Q4 2020 (13.8 yrs) | +64.7% |
| NJ | Q1 2007 | Q2 2012 | -22.1% | Q1 2021 (14 yrs) | +67.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Newark, NJ area's index has changed +83.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NJ after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.4% | +1.5% | -0.8% |
| 3 years | +9.8% | +13.1% | +13.1% | +2.8% |
| 5 years | +24.0% | +23.9% | +27.6% | +13.9% |
| 10 years | +39.1% | +36.6% | +43.2% | +39.0% |
| Since Q1 1995 | +121% | +83.6% | +89.8% | +76.8% |
If you bought in the Newark, NJ area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +303% | $1,208,502 |
| Q2 2000 | +218% | $954,917 |
| Q2 2005 | +81.9% | $545,789 |
| Q2 2010 | +95.6% | $586,807 |
| Q2 2015 | +93.8% | $581,353 |
| Q2 2020 | +70.5% | $511,371 |
| Q2 2021 | +53.7% | $461,209 |
| Q2 2023 | +24.1% | $372,414 |
| Q2 2025 | +6.3% | $319,013 |
Frequently asked questions
- How much have home prices risen in the Newark, NJ area?
- FHFA HPI® data for the Newark, NJ metropolitan division shows changes of +6.3% over one year, +53.7% over five years, and +90.0% over ten years to Q2 2026, and +307% since Q1 1995.
- Is the Newark, NJ area beating the national average?
- Over the past year the metro's index moved +3.3 pts versus the U.S.; over five years the gap is +12.5 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.