Housing & Real Estate — Newark, New Jersey
Overview
| Total Housing Units | 121,604 |
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| Occupied | 113,748 |
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| Vacant | 7,856 |
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| Owner-Occupied | 27,434 |
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| Renter-Occupied | 86,314 |
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| Median Home Value (Census) | $373,700 |
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| Estimated 2026 | ~$401,000 |
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| Median Rent | $1,330/mo |
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| Median Property Tax | $7,262/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | very expensive |
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| Rent as % of Income | 30.7% |
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| Severely Rent-Burdened | 47.4% |
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Housing Age
| Built 2010 or later | 8,384 |
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| Built 2000-2009 | 13,709 |
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| Built 1990-1999 | 11,324 |
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| Built before 1960 | 52,090 |
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| Median Year Built | 1966 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
