Housing
Home prices and rent in Newark
Median home values, rents and incomes from the U.S. Census Bureau, compared with New Jersey and the U.S.
Census geography: Newark city, New Jersey. These survey estimates are not current listing prices.
Newark vs. New Jersey and the U.S.
| Newark | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $373,700 | $454,400 | $332,700 |
| Median rent (monthly) | $1,392 | $1,720 | $1,413 |
| Median household income | $52,060 | $103,556 | $80,734 |
| Homes owned by occupants | 24% | 64% | 65% |
| Median year built | 1966 | 1970 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $229,600 | $245,200 | $373,700 |
| Median rent (monthly) | $978 | $1,085 | $1,392 |
| Median household income | $34,012 | $35,199 | $52,060 |
Questions
What is the median home value in Newark?
$373,700, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $454,400 in New Jersey and $332,700 nationally.
How much is rent in Newark?
Median gross rent (rent plus utilities) is $1,392 a month, versus $1,720 statewide.
How much have home values risen in Newark?
The median home value went from $229,600 in 2014 to $373,700 in 2024 (+63%).
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Newark city, New Jersey. Values are estimates with margins of error.