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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 $156,400, lower than the South Dakota average of $268,202.
The average cost of rent is $792/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 19.15% of households rent, and 74.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $6,298 per month. Households that rent pay about 12.58% of their income on rent here. Newark’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kidder, SD: equally priced homes
- Britton, SD: higher priced homes
- Cogswell, ND: equally priced homes
- Amherst, SD: equally priced homes
- Havana, ND: less expensive homes
- Straubville, ND: less expensive homes
- Spain, SD: equally priced homes
- Forman, ND: equally priced homes
- Ludden, ND: less expensive homes
- Hecla, SD: less expensive homes
Cities with Similar Populations
- Grafton, IN: higher priced homes
- Wingate, MD: higher priced homes
- Gum Spring, TN: less expensive homes
- Guilford, KS: less expensive homes
- Gross, NE: less expensive homes
- Grist, NC: less expensive homes
- Greenbrier, MD: higher priced homes
- Green, KY: equally priced homes
- Great Pond, ME: higher priced homes
- Gray, MS: less expensive homes
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