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 $148,119, lower than the Indiana average of $175,617.
The average cost of rent is $529/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 60.20% of residents own their homes outright in Newark, 12.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $6,003 per month. Households that rent pay about 8.81% of their income on rent here. Newark's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Vilas, IN: less expensive homes
- New Hope, IN: less expensive homes
- Solsberry, IN: higher priced homes
- Calvertville, IN: less expensive homes
- Ridgeport, IN: equally priced homes
- Tulip, IN: less expensive homes
- Farmers, IN: less expensive homes
- Pottersville, IN: equally priced homes
- Freeman, IN: equally priced homes
- Cincinnati, IN: higher priced homes
Cities with Similar Populations
- Catahoula, LA: less expensive homes
- Toolville, CA: higher priced homes
- Tookland, VA: equally priced homes
- Tolosa, TX: equally priced homes
- Toco, TX: less expensive homes
- Tin City, NC: equally priced homes
- Tillery, NC: less expensive homes
- Tierra Amarilla, NM: equally priced homes
- Throopsville, NY: equally priced homes
- Thida, AR: less expensive homes
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