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Newark, MD Real Estate


According to census data in the year 2000 there were 146 housing units in Newark.

Of those housing units, none were located in either urbanized areas or urban clusters, and 146 were located in what is classified as a rural area.

Homeownership rate in Newark is about 94.5%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Newark were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5.50%
Two Bedrooms18.50%
Three Bedrooms59.60%
Four Bedrooms16.40%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1974
Median Value of occupied units$100,200

Rented Homes, Apartments and Condos

Average Household Size0.75
Median year structure was built1985

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan0%
Simple Mortgage63.20%
Debt Free31.60%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%