Newark, NJ Real Estate
Newark anchors one of New Jersey's largest metro areas with a population of about 307,188. The median home value is near $337,800, and median rent runs around $1,330/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$337,800
Median Rent
$1,330/mo
Population
307,188
Median Income
$48,416
Median Age
34.8
Homeownership
24.1%
Monthly payment on a median Newark home
Example for a $337,800 home: 20% down, 30-yr at ~6.75%, NJ property tax ~2.23%, 0.4% insurance.
Est. monthly (PITI)
$2,493
Principal & interest
$1,753
Property tax / mo
$628
Down payment (20%)
$67,560
Newark at a glance
- 12.2% of residents 25+ hold a bachelor's degree or higher.
- 24.1% of occupied homes are owner-occupied.
- Median household income is $48,416.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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