Newark, NY—14513
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newark, NY
As of Oct '25, the median home price in Newark, NY is $196,000, with a year-over-year change of 5.3%. This indicates that home prices in Newark, NY are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 5.3% |
| Single Family | $196,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 5.7% |
3 Bed | $198,000 | 5.3% |
4 Bed | $218,000 | 2.3% |
| 5 Bed | $257,000 | 3.2% |
% of Housing Stock
Rental Trends — Newark, NY
As of July '25, Rentcast reports the average rent in Newark, NY is $1,210, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Newark, NY is 1-bedrooms: $852, 3-bedrooms: $1,450. The most common rental property sizes in Newark, NY are 2-bedroom and 3-bedroom, accounting for 36.1% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $852 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,450 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newark, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Newark, NY is 16. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 11.0% |
Listing Count | 38 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 16 | -23.0% |
Demographics — Newark, NY
As of the latest ACS Survey released in 2023, Newark, NY has a population of 13,500, which has decreased by -3.4% over the past 5 years. Newark, NY is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,500 | -3.4% |
% Under 18 | 19.9% | -1.5% |
% Seniors | 21.9% | 9.0% |
% WFH | 4.7% | 38.2% |
% w/ College Degree | 19.0% | -5.9% |
As of the latest ACS Survey released in 2023, Newark, NY is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Newark, NY is hispanic, making up 12.3% of the population. Foreign-born residents account for 3.6% of the population in Newark, NY, and this percentage has increased by 38.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.9% | -7.3% |
% Black | 3.3% | -28.3% |
% Hispanic | 12.3% | 112.1% |
% Asian | 0.8% | -11.1% |
% Foreign Born | 3.6% | 38.5% |
Mortgage and Risk — Newark, NY
According to HUD data as of 2023, there were 246 mortgage originations in Newark, NY, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Newark, NY. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Newark, NY
Newark, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 463 |
Total Units Section 8 | 447 |
% Rentals under Section 8 | 25.4% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $850 | $1,020 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | $80 | $1,450 | $1,530 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Newark, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $196,000 |
| Median Household Income | $61,100 |