Newark, NJ Real Estate
According to census data in the year 2000 there were 100,141 housing units in Newark.
This represents a 2.3% decline from 102,473 in 1990.
Of those housing units, 100,141 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newark is about 23.8%.
Newark's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Newark were built after 1953.
|Housing Units by Size|
|Five Bedrooms or more||4%|
Owned Homes, Apartments and Condos
|Average Household Size||3.47|
|Median year structure was built||1943|
|Median Value of occupied units||$119,000|
|Median Price asked for vacant units||$111,100|
Rented Homes, Apartments and Condos
|Average Household Size||2.66|
|Median year structure was built||1956|
|Median Monthly Rent asked for vacant units||$530|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||6.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||24.7%|