Zip Code 07111

Irvington, NJ • Essex County

Real Estate Market Analysis

Q3 2025 Report

$355,000 (estimated for 2025, based on recent trends and local comps)

Median Home Value

61,000 (2024 estimate)

Population

$47,000

Median Income

Below NJ average (GreatSchools ratings 2-4/10)

School District Rating

Market Statistics

Property Values

$355,000 (estimated for 2025, based on recent trends and local comps)

Median Home Value

$1,800/month (estimated for 2025)

Median Rent

$220 (estimated)

Price per Sq Ft

Market Performance

Home Appreciation4.6% year-over-year (NJ avg; local appreciation likely similar or slightly higher due to affordability)

Market VelocityMedian days on market: 16-34 days (NJ avg; Irvington typically on the faster side due to affordability)

Foreclosure RateAbove NJ average; historically higher in Irvington, but declining as market stabilizes

Area Information

Area Size2.93 sq mi

CountyEssex

Primary CityIrvington

Housing Profile

Housing Statistics

Total Housing Units22,000+ (approximate)

Owner Occupied28%

Rental Properties72%

Vacant Units8%

New ConstructionLimited; mostly small-scale infill and multi-family redevelopment

Housing Types

Single-family homes2-4 unit multifamilyLarge apartment buildingsTownhomes

Demographics

61,000 (2024 estimate)

Population

Median Age

$47,000

Median Income

92% (8% unemployment, above NJ average)

Employment Rate

High school graduate or higher: 80%; Bachelor's degree or higher: 15%

Education Levels

Predominantly families with children; significant single-parent households

Family Composition

Education Quality

School District Performance

Below NJ average (GreatSchools ratings 2-4/10)

District Rating

School DistrictIrvington Public Schools

Test ScoresBelow state average in math and reading

Graduation Rates~75%

Schools in Area

Irvington High School
Union Avenue Middle School
Madison Avenue Elementary School

Economic Factors

Employment & Business

Job GrowthModest, with some improvement due to proximity to Newark and NYC

Unemployment Rate8% (higher than NJ average)

Business EnvironmentPrimarily small businesses, retail, and service sector

Commercial ActivityActive along Springfield Ave and Clinton Ave corridors

Major Employers

Irvington Board of Education
Local government
Healthcare providers
Retail and logistics

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• NJ Transit rail (nearby Newark Penn Station)
• Multiple NJ Transit bus lines
• Easy access to Garden State Parkway and I-78

Utilities & Services

• Public water/sewer
• PSE&G electric/gas

Quality of Life

Safety & Environment

Above NJ average; property and violent crime rates higher than state median, but trending downward with community initiatives

Urban/suburban mix; some air/noise pollution from traffic

Healthcare Access

• East Orange General Hospital (nearby)
• Local clinics and urgent care

Development Trends

Planned Developments

Small-scale multifamily infill
Affordable housing projects

Infrastructure Projects

• Road resurfacing
• Park improvements

Investment Outlook

Growth Outlook

Stable to modest growth; affordability attracts buyers priced out of nearby markets

Investment Opportunities

• Value-add multifamily
• Affordable single-family flips
• Section 8 rental investments

Marketing Intelligence

Target Demographics

First-time buyers
Investors
Renters seeking to buy
Multigenerational families

Competitive Advantages

Lower entry price vs. Essex County/NJ average
Strong rental demand
Transit access

Pricing Strategies

Price competitively below nearby Newark/East Orange; highlight cash flow for investors

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight recent downward trends, active community policing, and neighborhood watch programs

Objection: School quality below state average

Response Strategy:

Emphasize ongoing district improvement efforts and proximity to charter/private school options

Objection: Older housing stock

Response Strategy:

Showcase renovated properties and value-add opportunities; discuss available renovation loans

Professional Recommendations

Emphasize affordability and rental income potential in marketing

Build relationships with local lenders for renovation and FHA/VA loans

Network with local community organizations to address buyer concerns

Stay informed on local zoning and development changes

Target investors and first-time buyers with tailored outreach

Competitive Analysis

Comparable Markets

East Orange (07017, 07018)
Newark (07112, 07106)
Orange (07050)

Market Positioning

Best value in Essex County for investors and budget-conscious buyers

Competitive Advantages

Lower prices than Newark/East Orange
Similar rental demand with less competition

Price Comparison

~30% below Essex County median; ~40% below NJ median

Investment Metrics

6-8% (multifamily, depending on condition and location)

Cap Rates

6-7% gross yield typical

Rental Yields

16-18 (favorable for investors)

Price-to-Rent

Strong for renovated multifamily and Section 8 rentals

Cash Flow

3-5% annually (2025-2027)

Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability; may need education on renovation loans and down payment assistance

Move-Up Buyers

Less common, but some seek larger homes or multi-family for extended family

Downsizers

Rare, as area is less popular with retirees; some may sell to relocate

Investors

Very active; focus on cash flow, value-add, and Section 8

Relocators

Drawn by proximity to NYC, lower prices, and transit access

This zip code analysis was generated using comprehensive market data and AI intelligence.

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

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