Weequahic

Newark, NJ

Neighborhood Market Analysis

Q3 2025 Report
$479,900 (May 2025)
Median Home Price
Moderate (55–65/100, varies by block)
Walkability Score
Generally average (5–6/10), with some improvement initiatives underway.
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by Weequahic Park to the east, Elizabeth Avenue to the west, Lyons Avenue to the north, and the city line with Hillside to the south.

Zip Codes

07112

Market Data Summary

Price Range$400,000–$730,000+ (recent sales include 8-bed, 5-bath at $729,000)
Price per Sq Ft$253 (June 2025, Newark-wide)
Inventory LevelsInventory in Newark rose 29.7% from May to June 2025, but Weequahic remains tight with brisk sales and low days on market[3].

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesMulti-family homesCondosTownhomes

Architectural Styles

Pre-war brick colonialsTudor revivalsMid-centurySome newer infill construction

Property Details

Typical Lot SizesSmall to medium urban lots (2,000–5,000 sq ft typical)
Home Age Range1920s–1950s (majority), with some newer builds post-2000
Construction QualitySolid pre-war construction, many homes with original details; some properties recently renovated or updated.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with significant African American and Hispanic populations; mix of long-term residents and newcomers.

Community Vibe

Historic, tight-knit, pride in local heritage; active faith-based and civic organizations.

Typical Residents

  • Families
  • First-time buyers
  • Investors
  • Retirees

Family Friendly

Yes—proximity to Weequahic Park, schools, and community centers; active neighborhood associations.

Amenities & Lifestyle

Parks & Recreation

  • Weequahic Park (lakes, trails, golf course, playgrounds)

Dining Options

  • Soul food restaurants
  • Caribbean eateries
  • Pizzerias
  • Diners

Shopping Centers

  • Local strip malls on Lyons Ave and Elizabeth Ave; larger shopping in nearby Hillside and downtown Newark

Local Businesses

  • Corner stores
  • Barbershops
  • Bakeries
  • Pharmacies

Education & Schools

Generally average (5–6/10), with some improvement initiatives underway.
Overall School Rating

Elementary Schools

  • Weequahic Elementary School
  • Avon Avenue School

Middle Schools

  • George Washington Carver School

High Schools

  • Weequahic High School

Private Schools

  • St. Joseph Catholic School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • NJ Transit bus lines (multiple routes to downtown Newark and NYC)
  • Nearby Newark Penn Station (via bus or short drive)

Major Roads

  • Garden State Parkway
  • US Route 22
  • Lyons Avenue
  • Elizabeth Avenue

Commute & Walkability

Commute Times20–30 minutes to downtown Newark; 35–50 minutes to Manhattan (via transit or car, traffic dependent)
WalkabilityModerate; most errands require a short drive or bus ride.
ParkingOn-street parking common; some homes have driveways or garages.

Marketing Intelligence

Target Buyer Types

  • First-time buyers
  • Investors
  • Families seeking affordability near NYC

Key Selling Points

  • Affordability relative to NYC/suburbs
  • Access to green space
  • Solid construction and larger homes

Pricing Considerations

Price competitively for condition; renovated homes command premium.

Common Objections & Response Strategies

Objection: Concerns about crime rates.

Response Strategy:

Share recent improvements, community initiatives, and data on declining incidents; highlight block-by-block differences.

Objection: Older homes may need repairs.

Response Strategy:

Emphasize quality of original construction, recent updates, and available renovation loans.

Objection: School ratings are average.

Response Strategy:

Point to improvement programs, after-school options, and proximity to charter/private schools.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; 2.1% annual increase in home values (2024–2025), with potential for further growth as Newark revitalizes[4].

Rental Demand

Strong; affordable rents and proximity to transit attract tenants.

Buyer Competition

High for renovated homes and multi-families; seller's market conditions persist[2].

Best For

  • First-time buyers
  • Investors seeking cash flow
  • Families seeking value

Potential Concerns

  • Older housing stock may require updates
  • Perceived safety issues
  • School ratings

Professional Recommendations

1

Network with local community leaders and organizations.

2

Stage homes to highlight both historic charm and modern updates.

3

Educate buyers on renovation financing and local grant programs.

4

Market to NYC commuters and investors seeking cash flow.

5

Stay current on city infrastructure and safety initiatives.

Competitive Analysis

Comparable Markets

  • Clinton Hill (Newark)
  • Vailsburg (Newark)
  • Hillside (adjacent township)

Market Positioning

Best value for buyers seeking space and access to green space within Newark.

Competitive Advantages

  • Proximity to Weequahic Park
  • Larger homes for price
  • Strong community identity

Price Comparison

Slightly higher than Clinton Hill, lower than Forest Hill or Ironbound; more affordable than Hillside single-families.

Investment Metrics

Typically 6–8% for well-managed multi-families (2025 est.)
Cap Rates
Gross yields 7–9% depending on property and condition
Rental Yields
13–15 (favorable for investors)
Price-to-Rent
Positive cash flow possible with 20% down on multi-families; strong rental demand.
Cash Flow
Steady 2–3% annual appreciation expected barring economic downturn.
Appreciation

Buyer Journey Insights

First-Time Buyers

Affordability and space are draws; may need education on renovation/maintenance.

Move-Up Buyers

Can find larger homes or multi-families for generational living.

Downsizers

Less common, but some may seek condos/townhomes near park.

Investors

Strong rental demand, good cap rates, value-add opportunities.

Relocators

Appealing for those priced out of NYC or Jersey City; highlight transit and park access.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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