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Cedar Knolls vs Newark: Housing

Cedar KnollsNewark
Median Home Value$646,700$373,700
Median Gross Rent$2,849/mo$1,392/mo
Homeownership Rate58.9%24.4%
Rent as Share of Income20.1%32.1%

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