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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
24%
76%
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 Market77
Sale-to-List Ratio1.0%
Price Drops8.9%
Homes Sold79
Active Inventory472
Price Per Sq Ft$203

Ownership & Stock

Owner-Occupied24.1%
Renter-Occupied75.9%
Homeownership Rate24.1%
Total Housing Units121,773
Median Year Built1966
Rent Burden34.5%