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 Units by Size|
|Five Bedrooms or more||1.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.45|
|Median year structure was built||1954|
|Median Value of occupied units||$85,200|
|Median Price asked for vacant units||$78,400|
Rented Homes, Apartments and Condos
|Average Household Size||2.18|
|Median year structure was built||1968|
|Median Monthly Rent asked for vacant units||$391|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||9.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|