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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 $196,242, lower than the Ohio average of $236,816.
The average cost of rent is $1,046/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 40.73% of households rent, and 41.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $5,946 per month. Households that rent pay about 17.60% of their income on rent here. Newark’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Claylick, OH: equally priced homes
- Heath, OH: higher priced homes
- Vanatta, OH: higher priced homes
- Marne, OH: higher priced homes
- Granville, OH: higher priced homes
- Jacksontown, OH: higher priced homes
- Linnville, OH: higher priced homes
- Hanover, OH: higher priced homes
- St. Louisville, OH: equally priced homes
- Hebron, OH: higher priced homes
Cities with Similar Populations
- Wilson, NC: less expensive homes
- Mount Prospect, IL: higher priced homes
- Lansdale, PA: higher priced homes
- La Jolla, CA: higher priced homes
- Kettering, OH: higher priced homes
- Kaneohe, HI: higher priced homes
- Herriman, UT: higher priced homes
- Forney, TX: higher priced homes
- Falls Church, VA: higher priced homes
- Danville, VA: less expensive homes
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