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These days, finding an affordable place to live in the Newark area can be challenging. Home prices in Newark are now at a median cost of $138,313, lower than the Arkansas average of $207,061.
The average cost of rent is $741/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 39.93% of households rent, and 46.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $4,149 per month. Households that rent pay about 17.87% of their income on rent here. Newark’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Magness, AR: higher priced homes
- Sulphur Rock, AR: higher priced homes
- Rosie, AR: less expensive homes
- Charlotte, AR: higher priced homes
- Oil Trough, AR: less expensive homes
- Fitzgerald, AR: less expensive homes
- Macks, AR: less expensive homes
- Jacksonport, AR: less expensive homes
- Gainsboro, AR: higher priced homes
- Walnut Grove, AR: higher priced homes
Cities with Similar Populations
- Croghan, NY: higher priced homes
- Pettisville, OH: higher priced homes
- Summerhill, PA: higher priced homes
- South Carthage, TN: higher priced homes
- Shiloh, GA: higher priced homes
- Roxbury, CT: higher priced homes
- Rocheport, MO: higher priced homes
- Richlandtown, PA: higher priced homes
- Rerdell, FL: higher priced homes
- Port Dickinson, NY: equally priced homes
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