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These days, finding an affordable place to live in the Newark Valley area can be challenging. Home prices in Newark Valley are now at a median cost of $144,791, lower than the New York average of $610,895.
The average cost of rent is $871/mo in Newark Valley, primarily driven by the current value of real estate in the Newark Valley area. In Newark Valley, 16.92% of households rent, and 49.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark Valley is $6,944 per month. Households that rent pay about 12.54% of their income on rent here. Newark Valley’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hullsville, NY: higher priced homes
- Jenksville, NY: equally priced homes
- Berkshire, NY: less expensive homes
- Nanticoke, NY: equally priced homes
- Maine, NY: higher priced homes
- East Berkshire, NY: equally priced homes
- Foster, NY: equally priced homes
- Speedsville, NY: equally priced homes
- Gaskill, NY: equally priced homes
- Ketchumville, NY: equally priced homes
Cities with Similar Populations
- North Tazewell, VA: less expensive homes
- Brownsboro, AL: higher priced homes
- Ainaloa, HI: higher priced homes
- Burnham, IL: higher priced homes
- Cabool, MO: equally priced homes
- Burns, OR: higher priced homes
- Burnt Hills, NY: higher priced homes
- Goliad, TX: higher priced homes
- Gold Beach, OR: higher priced homes
- Gobles, MI: higher priced homes
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