Newark, DE Real Estate
According to census data in the year 2000 there were 9,310 housing units in Newark.
This represents a 18.4% growth from 7,860 in 1990.
Of those housing units, 9,310 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 54.7%.
Newark's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Newark were built after 1969.
|Housing Units by Size|
|Five Bedrooms or more||3.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.59|
|Median year structure was built||1968|
|Median Value of occupied units||$153,300|
|Median Price asked for vacant units||$74,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.24|
|Median year structure was built||1970|
|Median Monthly Rent asked for vacant units||$591|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||12.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16%|