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 $146,834, lower than the Ohio average of $181,280.
The average cost of rent is $894/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 39.37% of residents own their homes outright in Newark, 38.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $5,073 per month. Households that rent pay about 17.63% of their income on rent here. Newark's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Claylick, OH: higher 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: higher priced homes
- Hebron, OH: higher priced homes
Cities with Similar Populations
- Wilson, NC: equally priced 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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