Newark, NJ—07106
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$463,000
0.5% YoY Growth
Household Income
$48,100
21.6% YoY Growth
Days on Market
27
46.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$2,200
3.8% YoY Growth
1-Bed Rent
$1,600
13.9% YoY Growth
2-Bed Rent
$1,950
1.5% YoY Growth
3-Bed Rent
$2,350
2.9% YoY Growth
Home Price Trends — Newark, NJ
As of May '26, the median home price in Newark, NJ is $463,000, with a year-over-year change of -0.5%. This indicates that home prices in Newark, NJ are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $463,000 | -0.5% |
| Single Family | $463,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |