Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Central Business District area can be challenging. Home prices in Central Business District are now at a median cost of $331,555, higher than the Newark average of $291,901.
The average cost of rent is $1,415/mo in Central Business District, primarily driven by the current value of real estate in the Central Business District area. While nearly 47.38% of residents own their homes outright in Central Business District, 90.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Central Business District is $4,159 per month. Households that rent pay about 34.03% of their income on rent here. Central Business District's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Springfield-Belmont, Newark, NJ: less expensive homes
- University Heights, Newark, NJ: less expensive homes
- North Ironbound, Newark, NJ: higher priced homes
- South Broad Street, Newark, NJ: equally priced homes
- South Ironbound, Newark, NJ: equally priced homes
- Seventh Avenue, Newark, NJ: less expensive homes
- Mount Pleasant-Lower Broadway, Newark, NJ: equally priced homes
- Fairmuont, Newark, NJ: less expensive homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- Lower Roseville, Newark, NJ: less expensive homes
Neighborhoods with Similar Populations
- West End, Alameda, CA: higher priced homes
- Arlington Center, Arlington, MA: higher priced homes
- 25th Street, Ogden, UT: less expensive homes
- Black Rock, Buffalo, NY: less expensive homes
- South Winds, Oxnard, CA: higher priced homes
- Bronzeville, Chicago, IL: equally priced homes
- Brookside, Erie, PA: less expensive homes
- Bryant Pattengill West, Ann Arbor, MI: equally priced homes
- Julington Creek, Jacksonville, FL: equally priced homes
- Foothills, Henderson, NV: higher priced homes
All Local Stats
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