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Newark, TX Real Estate


According to census data in the year 2000 there were 339 housing units in Newark. This represents a 24.2% growth from 273 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 339 were located in what is classified as a rural area.

Homeownership rate in Newark is about 71.8%. Newark's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.87 people.

The majority of houses, apartments or condos in Newark were built after 1982.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.80%
Two Bedrooms38.10%
Three Bedrooms46.30%
Four Bedrooms6.50%
Five Bedrooms or more2.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1983
Median Value of occupied units$62,500
Median Price asked for vacant units$9,999

Rented Homes, Apartments and Condos

Average Household Size3.15
Median year structure was built1980
Median Monthly Rent asked for vacant units$400

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan4.10%
Simple Mortgage46.30%
Debt Free49.60%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%