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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 $1,176,491, higher than the California average of $812,006.
The average cost of rent is $2,813/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 30.61% of households rent, and 24.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $14,996 per month. Households that rent pay about 18.76% of their income on rent here. Newark’s most expensive areas are in the southwestern 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
- Fremont, CA: higher priced homes
- Union City, CA: equally priced homes
- East Palo Alto, CA: equally priced homes
- Hayward, CA: less expensive homes
- Alviso, CA: equally priced homes
- Sunol, CA: higher priced homes
- Palo Alto, CA: higher priced homes
- Menlo Park, CA: higher priced homes
- Fairview, CA: less expensive homes
- Milpitas, CA: equally priced homes
Cities with Similar Populations
- Shelby, NC: less expensive homes
- Fallbrook, CA: less expensive homes
- Greenacres, FL: less expensive homes
- Herndon, VA: less expensive homes
- Hutchinson, KS: less expensive homes
- Issaquah, WA: equally priced homes
- Urbandale, IA: less expensive homes
- Johnstown, PA: less expensive homes
- Taylors, SC: less expensive homes
- Bartlett, TN: less expensive homes
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