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 $111,099, lower than the New York average of $481,023.
The average cost of rent is $844/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 39.36% of residents own their homes outright in Newark, 32.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $4,480 per month. Households that rent pay about 18.84% of their income on rent here. Newark's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Marbletown, NY: equally priced homes
- Mud Mills, NY: less expensive homes
- East Palmyra, NY: higher priced homes
- Port Gibson, NY: equally priced homes
- Gypsum, NY: higher priced homes
- South Sodus, NY: less expensive homes
- Lyons, NY: less expensive homes
- Phelps, NY: higher priced homes
- Clifton Springs, NY: equally priced homes
- Palmyra, NY: higher priced homes
Cities with Similar Populations
- Wallingford, PA: higher priced homes
- Cortland, OH: higher priced homes
- Cotati, CA: higher priced homes
- Coto Laurel, PR: equally priced homes
- Country Club, CA: higher priced homes
- Del Mar, CA: higher priced homes
- Vineyard Haven, MA: higher priced homes
- Waddell, AZ: higher priced homes
- Wagoner, OK: higher priced homes
- Wakefield, RI: higher priced homes
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