Newark, OH Real Estate

According to census data in the year 2000 there were 20,668 housing units in Newark. This represents a 9% growth from 18,967 in 1990.

Of those housing units, 20,562 were located in either urbanized areas or urban clusters, and 106 were located in what is classified as a rural area.

Homeownership rate in Newark is about 58.5%. Newark's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Newark were built after 1959.


Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom14.50%
Two Bedrooms31.70%
Three Bedrooms40.20%
Four Bedrooms10.50%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1954
Median Value of occupied units$85,200
Median Price asked for vacant units$78,400

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1968
Median Monthly Rent asked for vacant units$391

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage8.80%
Home Equity Loan9.40%
Simple Mortgage48.60%
Debt Free32.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%