The story of this market
The typical home in Newark, New Jersey sells for about $481,850, or $315 per square foot.
Prices are down 1.3% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $2,200 a month.
Monthly price momentum
Home values since 2015
+5%
NJ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Newark, New Jersey
Newark's housing market is showing resilience, with steady demand driven by its strategic location and ongoing urban revitalization efforts. While inventory has increased, providing more options for buyers, the market remains competitive due to the city's relative affordability compared to the broader NYC metro area. Investors are closely monitoring the impact of high property taxes on long-term yields, but the overall outlook remains positive as infrastructure and development projects continue to progress.
No ARED county foreclosure postings attributed to Newark yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 6 researched ZIP reports of 7 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.8% year over year.
Homes spend a median of 28 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.4% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.2% · poverty 23.4% — a mixed stability profile.
- American Dream4.57.7 mi
- Supercharged Entertainment4.817.8 mi
- DreamWorks Water Park4.37.6 mi
- Nickelodeon Universe Theme Park4.57.5 mi
- Color Factory NYC4.48.9 mi
- American Dream4.57.7 mi
- MetLife Stadium4.57.7 mi
- Madison Square Garden4.79.6 mi
- Yankee Stadium4.714.7 mi
- Barclays Center4.511 mi
- Times Square4.710.1 mi
- The Metropolitan Museum of Art4.811.5 mi
- Rockefeller Center4.710.4 mi
- Brooklyn Bridge4.89.5 mi
- Central Park4.811.5 mi
- The Metropolitan Museum of Art4.811.5 mi
- Rockefeller Center4.710.4 mi
- Empire State Building4.710 mi
- The Museum of Modern Art4.610.5 mi
- American Museum of Natural History4.611 mi
- Central Park4.811.5 mi
- 9/11 Memorial & Museum4.88.5 mi
- Bryant Park4.710.1 mi
- The High Line4.79 mi
- The Battery4.68.6 mi
- Galloping Hill Golf Course4.46.2 mi
- 21 Golf Range Powered by Toptracer4.511.8 mi
- Puttery4.78.8 mi
- Dyker Beach Golf Course4.111.3 mi
- Five Iron Golf4.99.8 mi
- American Dream4.57.7 mi
- Chelsea Market4.68.8 mi
- Macy's4.49.8 mi
- The Mills at Jersey Gardens4.54.9 mi
- Hudson Yards4.79.2 mi
- Newark Liberty International Airport3.73 mi
- LaGuardia Airport4.116 mi
- Teterboro Airport4.410.6 mi
- North Shore University Hospital Heliport4.624.9 mi
- Chico Express3.911.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive urban park known for having the largest collection of cherry blossom trees in the United States, providing significant green space and recreational value.
The state's largest museum, featuring extensive collections of American, Asian, and African art, serving as a major cultural anchor for the city.
A vibrant neighborhood renowned for its diverse culinary scene, particularly Portuguese and Brazilian restaurants, which drives significant foot traffic and local economic activity.
A critical transportation nexus providing direct rail access to New York City, Jersey City, and Philadelphia, which is a primary driver of property demand in the city.
Newark is well-suited for commuters seeking proximity to NYC, first-time homebuyers looking for entry-level opportunities, and long-term investors targeting high-demand rental corridors. The city's diverse neighborhoods offer varying price points, making it a viable option for those priced out of more expensive suburban markets.
The Newark Public Schools district serves the majority of the city's students, with performance metrics that generally lag behind state averages. While there are specialized magnet schools and charter options that perform well, the overall system faces systemic challenges in academic achievement and resource allocation.
Newark is a premier transit hub, served by NJ Transit, PATH, and Amtrak at Newark Penn Station, offering unparalleled access to the NYC metropolitan area. The city's infrastructure is heavily focused on facilitating regional commuting, which remains a cornerstone of its real estate appeal.
Newark offers a robust urban amenity base, highlighted by the expansive Branch Brook Park, famous for its cherry blossoms, and the cultural offerings of the Newark Museum of Art. The city also features vibrant dining and shopping districts, particularly in the Ironbound neighborhood, which serves as a major regional destination.
The rental market in Newark is characterized by high demand and low vacancy rates, driven by the city's affordability relative to New York City and its strong transit connectivity. Investors remain active, though the market is sensitive to regulatory shifts and the high cost of property taxes which can impact net operating income.
Newark's economy is anchored by the transportation, logistics, and education sectors, with major employers including the Port of Newark and several large universities. The city is experiencing a period of economic transition, with significant investment flowing into downtown and transit-oriented developments.
Newark serves as a major regional economic hub, anchored by its proximity to New York City, Newark Liberty International Airport, and the Port of Newark. Significant ongoing redevelopment in the downtown core and the Ironbound district continues to attract corporate interest and infrastructure investment.
The city is currently prioritizing transit-oriented development and the conversion of underutilized industrial land into mixed-use residential projects. These planning efforts are designed to increase housing density and improve the overall urban fabric near major transit corridors.
Parcels in Newark are subject to municipal property taxes and various special assessments related to local improvement districts and utility services. There are no significant MUDs or PIDs in the traditional sense, but property owners should be aware of potential special assessments for downtown revitalization projects.
Newark continues to face significant public safety challenges, with crime rates remaining higher than the national average. While local initiatives and community policing efforts are ongoing, residents and investors should conduct neighborhood-specific due diligence as safety metrics vary significantly across the city's wards.
Newark faces moderate risks related to urban flooding in low-lying areas near the Passaic River and aging infrastructure. Property owners should verify flood zone designations and ensure adequate insurance coverage, as climate-related weather events are an increasing consideration for local real estate risk.
Property insurance premiums in Newark are influenced by the city's urban density and historical flood risks. Market health is stable, though owners in specific flood-prone zones may face higher costs due to mandatory flood insurance requirements.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Jersey) — Farmland Assessment: Property is assessed based on its productive capability for agricultural use rather than its full market value, resulting in a lower tax burden. State (New Jersey) — Ad Valorem Property Tax: Tax is calculated as (Assessed Value * Tax Rate). Assessed value is determined by the municipal assessor at 100% of true market value. The tax rate is set by local taxing districts to cover municipal, county, and school budgets.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov and Data USA profiles.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.