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These days, finding an affordable place to live in the University Heights area can be challenging. Home prices in University Heights are now at a median cost of $375,097, lower than the Newark average of $403,669.
The average cost of rent is $1,598/mo in University Heights, primarily driven by the current value of real estate in the University Heights area. In University Heights, 74.58% of households rent, and 43.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in University Heights is $5,630 per month. Households that rent pay about 28.38% of their income on rent here. University Heights’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Fairmuont, Newark, NJ: less expensive homes
- Springfield-Belmont, Newark, NJ: equally priced homes
- Lower Roseville, Newark, NJ: equally priced homes
- Seventh Avenue, Newark, NJ: equally priced homes
- Central Business District, Newark, NJ: higher priced homes
- Mount Pleasant-Lower Broadway, Newark, NJ: equally priced homes
- South Broad Street, Newark, NJ: higher priced homes
- Lower Clinton Hill, Newark, NJ: less expensive homes
- Upper Clinton Hill, Newark, NJ: equally priced homes
- Upper Roseville, Newark, NJ: equally priced homes
Neighborhoods with Similar Populations
- SouthWest Santa Rosa, Santa Rosa, CA: higher priced homes
- Baker-Zachary Area, Baker, LA: less expensive homes
- Bario Logan, San Diego, CA: higher priced homes
- Belair, Augusta, GA: less expensive homes
- Bellerose, Queens, NY: higher priced homes
- Beverly, Chicago, IL: equally priced homes
- Bronxdale, Bronx, NY: higher priced homes
- Brooklyn Heights, Brooklyn, NY: higher priced homes
- Canyon Crest, Riverside, CA: higher priced homes
- Cascade Heights, Atlanta, GA: less expensive homes
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