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 $238,452, higher than the Michigan average of $196,062.
The average cost of rent is $1,028/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 37.69% of residents own their homes outright in Newark, 26.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $6,426 per month. Households that rent pay about 15.99% 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.
Nearby Cities
- Holly, MI: less expensive homes
- Grand Blanc, MI: less expensive homes
- Goodrich, MI: higher priced homes
- Atlas, MI: equally priced homes
- Fenton, MI: higher priced homes
- Rankin, MI: less expensive homes
- Davisburg, MI: higher priced homes
- Ortonville, MI: higher priced homes
- Burton, MI: less expensive homes
- Linden, MI: equally priced homes
Cities with Similar Populations
- Taylor, WI: less expensive homes
- Colerain, NC: less expensive homes
- Conway Springs, KS: less expensive homes
- Cornersville, TN: less expensive homes
- Culebra, PR: less expensive homes
- Douglas, MI: higher priced homes
- East Point, KY: less expensive homes
- Fenelton, PA: less expensive homes
- Tabernash, CO: higher priced homes
- Talona, GA: less expensive homes
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