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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 $99,102, lower than the West Virginia average of $177,366.
The average cost of rent is $553/mo in Newark, primarily driven by the current value of real estate in the Newark area. In Newark, 12.63% of households rent, and 53.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $4,509 per month. Households that rent pay about 12.27% of their income on rent here. Newark’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elizabeth, WV: higher priced homes
- Slate, WV: higher priced homes
- Leachtown, WV: equally priced homes
- Freeport, WV: less expensive homes
- Hanna, WV: higher priced homes
- Morristown, WV: equally priced homes
- Kanawha, WV: higher priced homes
- Deerwalk, WV: higher priced homes
- Walker, WV: higher priced homes
- Palestine, WV: higher priced homes
Cities with Similar Populations
- Brainard, NE: higher priced homes
- Brownton, WV: higher priced homes
- Brooks, ME: higher priced homes
- Brookfield, NY: higher priced homes
- Broadlands, IL: higher priced homes
- Brick Church, TN: higher priced homes
- Briaroaks, TX: higher priced homes
- Briarcliffe Acres, SC: higher priced homes
- Brandywine, WV: higher priced homes
- Willow Hill, PA: higher priced homes
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