Newark: Housing & Real Estate
$373,700 is the median home value in Newark (estimated market value runs 7% higher at $401,186), with median rent $1,392 (1.1× below Essex County median $1,531; 1.2× below New Jersey median $1,720). Homeownership rate: 24.4%. That's 1.4× below the Essex County median ($524,100); 1.2× below the New Jersey median ($454,400). Market is warm. Vacancy rate 6.5%. New construction makes up 6.9% of stock. 6 nursing facilities on file. A municipal building code is in effect.
- 7.2× annual income — home value vs. household income (vs New Jersey 4.5×).
- 22.4 years to break even renting at the median (vs New Jersey 21y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent 36% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $373,700 — 0.8× the New Jersey median ($444,100). Median rent $1,392/month. homeownership rate 24.4% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 7.2× |
|---|---|
| Affordability · Home Affordability | very expensive |
| Affordability · Rent Pct Income | 30.7% |
| Affordability · Rent Affordability | cost-burdened |
| Affordability · Pct Severely Rent Burdened | 47.4% |
| Affordability · Poverty Rate | 23.4% |
| Affordability · Property Tax Pct Income | 13.9% |
| Fair Market Rent · Studio rent | $1,612 (vs New Jersey $1,676) |
| Fair Market Rent · One-bedroom rent | $1,822 (vs New Jersey $1,889) |
| Fair Market Rent · Two-bedroom rent | $2,205 (vs New Jersey $2,324) |
| Fair Market Rent · Three-bedroom rent | $2,761 (vs New Jersey $2,835) |
| Fair Market Rent · Four-bedroom rent | $3,137 (vs New Jersey $3,296) |
| Fair Market Rent · HUD FMR area | Newark, NJ HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $401,186 |
| Median Home Value | $373,700 (vs New Jersey $444,100) |
| Median Rent | $1,392 (vs New Jersey $1,731) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 6.5% |
| Housing Market · New construction (% of stock) | 6.9% |
| Housing Market · Price Appreciation 2Yr | 10.6% |
| Housing Orgs · Total count | 40 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at New Jersey median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at New Jersey median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at New Jersey median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 87.5% (at New Jersey median) |
| Broadband · Broadband-capable premises | 127,700 |
| Electricity · Electricity rate (¢/kWh) | 19.34¢/kWh |
| Electricity · Customers | 3735638 |
| Electricity · Revenue Millions | $5,744 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at New Jersey median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at New Jersey median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 59 |
|---|---|
| Ev Charging · Public Stations | 57 |
| Ev Charging · L2 Ports | 119 |
| Ev Charging · Dc Fast Ports | 44 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 24.4% (vs New Jersey 59.5%) |
|---|---|
| Median Year Built | 1966 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12