HomeDataUSA

States / New Jersey / Newark

Newark, NJ Housing

ACS 2020-2024

Median Home Value
$373,700 ± $10,857
Median Gross Rent
$1,392 ± $21/mo
Homeownership Rate
24.4%
Rent as Share of Income
32.1%
Price-to-Income Ratio
7.2×
Vacancy Rate
6.7%
Median Year Built
1966

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
2,190
Buildings
173
Single-Family Units
8
Multi-Family Units
2,182

Nearby Cities in New Jersey

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.