Newark, NJ
Full City Profile · New Jersey · Hudson County County
2.2
/5.0
C
Fair
307,188
Population
12,725/sq mi density
$48,416
Median Income
$25,509 per capita
$337,800
Home Value
$474,178 Zillow
$1,330
Median Rent
34.5% income on rent
55°F
Avg Temperature
270 sunny days/yr
619
Violent Crime/100K
1,641 property/100K
C
Overall
2.2 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$48,416 median income, 6.7% unemployment
C+
Affordability
2.7 / 5.0
$337,800 home value, $1,330/mo rent
F
Safety
1.0 / 5.0
619 violent crimes/100K (63% above avg)
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher
Housing Overview
Median Home Value
$337,800
20% above
US avg: $281,900
Median Rent
$1,330/mo
14% above
US avg: $1,163/mo
Homeownership Rate
24.1%
63% below US avg (65.4%)
Total Housing Units
121,773
Median year built: 1966
Home Value by Source
Census Median
$337,800
Zillow (ZHVI)
$474,178
Median Sale Price
$625,000
Median List Price
$619,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
24.1%
Owner-Occupied
75.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,330/mo
· Zillow rent:
$2,121/mo
Market Indicators (Redfin)
Median Days on Market
77 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
79
Price Drops
8.9%
of listings with price reduction
Price Per Sq Ft
$203
Active Inventory
472
homes for sale
Affordability & Housing Stock
Rent Burden
34.5%
of renters spending 30%+ of income on housing
11% above US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
24.1%
Complete Housing Data
Home Values
| Census Median Value | $337,800 |
| Zillow Home Value (ZHVI) | $474,178 |
| Median Sale Price | $625,000 |
| Median List Price | $619,500 |
| Price Per Sq Ft | $203 |
Rent
| Census Median Rent | $1,330 |
| Zillow Rent (ZORI) | $2,121 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 77 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 8.9% |
| Homes Sold | 79 |
| Active Inventory | 472 |
| Price Per Sq Ft | $203 |
Ownership & Stock
| Owner-Occupied | 24.1% |
| Renter-Occupied | 75.9% |
| Homeownership Rate | 24.1% |
| Total Housing Units | 121,773 |
| Median Year Built | 1966 |
| Rent Burden | 34.5% |
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