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These days, finding an affordable place to live in the East Newark area can be challenging. Home prices in East Newark are now at a median cost of $479,349, lower than the New Jersey average of $496,577.
The average cost of rent is $1,767/mo in East Newark, primarily driven by the current value of real estate in the East Newark area. In East Newark, 67.87% of households rent, and 31.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Newark is $4,784 per month. Households that rent pay about 36.94% of their income on rent here. East Newark’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harrison, NJ: higher priced homes
- Kearny, NJ: equally priced homes
- Newark, NJ: less expensive homes
- Silver Lake, NJ: equally priced homes
- East Orange, NJ: less expensive homes
- Belleville, NJ: less expensive homes
- North Arlington, NJ: equally priced homes
- Bloomfield, NJ: less expensive homes
- Orange, NJ: less expensive homes
- Irvington, NJ: less expensive homes
Cities with Similar Populations
- Waynesburg, OH: less expensive homes
- Bridgeport, MI: less expensive homes
- Brookston, IN: less expensive homes
- Buena Vista, GA: less expensive homes
- Caledonia, IL: less expensive homes
- Decatur, AR: less expensive homes
- Maybrook, NY: less expensive homes
- Linn, MO: less expensive homes
- Mooresburg, TN: less expensive homes
- Ridgway, CO: higher priced homes
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