Home Price Key
Affordable
Average
Expensive
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 $247,826, higher than the Illinois average of $242,002.
The average cost of rent is $1,074/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 37.22% of residents own their homes outright in Newark, 15.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $8,190 per month. Households that rent pay about 13.11% of their income on rent here. Newark's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Millington, IL: higher priced homes
- Millbrook, IL: higher priced homes
- Lisbon Center, IL: equally priced homes
- Millhurst, IL: higher priced homes
- Sheridan, IL: less expensive homes
- Lisbon, IL: higher priced homes
- Sandwich, IL: less expensive homes
- Plano, IL: less expensive homes
- Somonauk, IL: less expensive homes
- Stavanger, IL: higher priced homes
Cities with Similar Populations
- Lummi Island, WA: equally priced homes
- Reva, VA: higher priced homes
- North Middleboro, MA: higher priced homes
- Newton, GA: less expensive homes
- New Berlin, IL: less expensive homes
- Morton, WA: less expensive homes
- Morton, TX: less expensive homes
- Mendocino, CA: higher priced homes
- Mazeppa, MN: higher priced homes
- Sawyer, MI: less expensive homes
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