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 $308,035, lower than the Maryland average of $357,815.
The average cost of rent is $1,285/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 29.73% of residents own their homes outright in Newark, 27.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $7,261 per month. Households that rent pay about 17.69% of their income on rent here. Newark's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Ironshire, MD: equally priced homes
- Libertytown, MD: less expensive homes
- Golf Club Shores, MD: higher priced homes
- Mount Wesley, MD: equally priced homes
- Public Landing, MD: equally priced homes
- Whiteburg, MD: less expensive homes
- Snow Hill, MD: less expensive homes
- Berlin, MD: less expensive homes
- Grays Corner, MD: equally priced homes
- Indiantown, MD: less expensive homes
Cities with Similar Populations
- Adrian, OR: higher priced homes
- Whaleyville, MD: higher priced homes
- Whites Crossing, MS: less expensive homes
- Whittlesey, WI: less expensive homes
- Wilkeson, WA: higher priced homes
- Boone, CO: less expensive homes
- Bondsville, MA: less expensive homes
- Bliss, ID: less expensive homes
- Bishop Hills, TX: less expensive homes
- Big Flats, WI: less expensive homes
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