Newark, NJ Overview

Redefining and revitalizing its image, Newark is a long-established urban center that is welcoming significant growth in residential areas.  Vast numbers of upscale private townhouses and condominiums have sprung up, bringing new life to districts that are brimming over with cultural and employment advantages.  Distinguished as the Essex County seat of government, Newark claims a rich history of economic activity through the centuries.  Although a large manufacturing sector remains today, Newark is known for its vital business districts filled with banks, law firms, and leading corporations as well as prestigious universities and medical facilities.  Cultural jewels like the Newark Museum, Newark Symphony Hall, and the spectacular new Jersey Performing Arts Center draw visitors from across the region.  Recreational amenities include sports leagues, 40 lush parks, free concerts, recreation centers, Camp Watershed with 35,000 lush acres, athletic fields, tennis courts, and swimming pools.

Summary

Population Growth (since 2000) 2 %
Population Density (ppl / mile) 11,548.00
Household Size (ppl) 2.764
Households w/ Children 35 %

Housing Stability

Annual Residential Turnover 13 %
5+ Years in Residency 21 %
Median Year in Residency 2.32

Housing Inventory

Newark, NJ Housing Inventory 13,569 21,881 73,259 73,259 13,569 73,259

Market Overview

729 listings with an estimated median price of $305,000

Price Count
$0 - 100K 1
$100K - 200K 102
$200K - 300K 260
$300K - 400K 191
$400K - 500K 52
$500K - 600K 38
$600K - 700K 15
$700K - 800K 17
$800K - 900K 11
$900K - 1M 5
$1M - Max 37
Property Type Count
Single Family 147
Townhouse 4
Condo 18
Commercial 108
Rental 87
Lots and Land 6
Condo/Town/CoOp 33
Multi Family 413

(Data as of 2/21/2019)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Newark, NJ Population Demographics

Total: 279,327

Households:95,140

Median Age: 34.06

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Newark, NJ Temperature

Weather Risk

Newark, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Newark, NJ Education Climate Index

Highest Education Level Attained

Newark, NJ Highest Education Level Attained 25,780 63,968 26,794 6,631 16,339 7,830 32,378 25,780 63,968 26,794 6,631 16,339

Employment and Finance

Workforce

Newark, NJ Workforce

Income by dollar range (Median Income: $36,022)

Newark, NJ Income by dollar range 13,280 7,676 7,037 6,315 5,984 6,177 5,386 4,366 4,122 7,249 8,467 8,554 5,188 2,649 1,753 370 517 51

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,044
One Bedroom
$1,099
Two Bedroom
$1,324
Three Bedroom
$1,695
Four Bedroom
$1,922

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Newark, NJ Crime

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