1,170
Newark, NJ, USA apartments for sale
Newark
According to statistics, the population in Newark, NJ amounts to 282,102, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $37,642, shifting growth 7% from the past year, and the average property value in Newark, NJ growth 7% to $251,800 throughout the year.
| Population | 282,102 |
| Median Age | 33.7 |
| Poverty Rate | 28% |
| Household Income | $37,642 |
| Number Of Employees | 128,606 |
| Median Property Value | $251,800 |
What is the Average Price of Apartments for Sale in Newark, NJ?
| Month | Median Price |
|---|---|
| Nov 2023 |
$237,967
|
| Oct 2023 |
$265,423
|
| Sep 2023 |
$249,548
|
| Aug 2023 |
$364,373
|
| Jul 2023 |
$363,665
|
| Jun 2023 |
$312,203
|
| Month | Median Price |
|---|---|
| Nov 2023 |
$305,163
|
| Oct 2023 |
$341,249
|
| Sep 2023 |
$345,893
|
| Aug 2023 |
$413,171
|
| Jul 2023 |
$492,949
|
| Jun 2023 |
$433,862
|
Household Income
The average household income in Newark, NJ grew from $35,167 to $37,642 in the past year. This data is an estimate based upon 101,689 households in Newark, NJ . The chart below presents how household income is distributed in Newark, NJ in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Newark, NJ shifted from $235,000 to $251,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Newark, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Newark, NJ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newark, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Newark, NJ equals $3000, which is less than the national average.