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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 $315,423, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,334/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 12.10% of households rent, and 43.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $7,856 per month. Households that rent pay about 16.97% of their income on rent here. Newark’s most expensive areas are in the southeastern 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
- Shopiere, WI: equally priced homes
- Shirland, IL: less expensive homes
- Christilla Heights, WI: less expensive homes
- Orfordville, WI: less expensive homes
- Hanover, WI: less expensive homes
- Durand, IL: less expensive homes
- Beloit, WI: less expensive homes
- Rockton, IL: less expensive homes
- Afton, WI: less expensive homes
- Footville, WI: less expensive homes
Cities with Similar Populations
- Akron, AL: less expensive homes
- Alba, MI: less expensive homes
- Alcovy, GA: equally priced homes
- Alleman, IA: equally priced homes
- Amboy, MN: less expensive homes
- Antioch, AL: less expensive homes
- Arlington, AZ: higher priced homes
- Arlington Heights, OH: less expensive homes
- Avila Beach, CA: higher priced homes
- Belle Terre, NY: higher priced homes
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