Newark, DE—19702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newark, DE
As of Oct '25, the median home price in Newark, DE is $348,000, with a year-over-year change of 4.3%. This indicates that home prices in Newark, DE are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 4.3% |
| Single Family | $354,000 | 4.1% |
| Condos | $234,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 4.3% |
3 Bed | $318,000 | 4.6% |
4 Bed | $468,000 | 3.3% |
| 5 Bed | $546,000 | 2.4% |
% of Housing Stock
Rental Trends — Newark, DE
As of July '25, Rentcast reports the average rent in Newark, DE is $2,000, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Newark, DE is studios: $1,120, 1-bedrooms: $1,380, 2-bedrooms: $1,800, 3-bedrooms: $2,240, 4-bedrooms: $2,850. The most common rental property sizes in Newark, DE are 2-bedroom and 3-bedroom, accounting for 45.1% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,000 |
| Studio Rent | $1,120 | $1,120 |
| 1 Bed Rent | $1,370 | $1,380 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,180 | $2,240 |
| 4 Bed Rent | $2,800 | $2,850 |
% of Rental Stock
Property Listings — Newark, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Newark, DE is 24. This is a decrease of -29.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | 4.0% |
Listing Count | 129 | 38.0% |
| Listings as % of Homes | 0.2% | 38.0% |
Days on Market | 24 | -29.0% |
Demographics — Newark, DE
As of the latest ACS Survey released in 2023, Newark, DE has a population of 56,000, which has increased by 1.6% over the past 5 years. Newark, DE is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,000 | 1.6% |
% Under 18 | 22.4% | -8.2% |
% Seniors | 12.5% | 48.8% |
% WFH | 13.7% | 291.4% |
% w/ College Degree | 39.8% | 7.6% |
As of the latest ACS Survey released in 2023, Newark, DE is a predominantly white area, with 38.3% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Newark, DE is black, making up 31.4% of the population. Foreign-born residents account for 22.1% of the population in Newark, DE, and this percentage has increased by 22.8% 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 | 38.3% | -13.9% |
% Black | 31.4% | 5.0% |
% Hispanic | 13.7% | 8.7% |
% Asian | 12.0% | 13.2% |
% Foreign Born | 22.1% | 22.8% |
Mortgage and Risk — Newark, DE
According to HUD data as of 2023, there were 830 mortgage originations in Newark, DE, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Newark, DE. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 830 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Newark, DE
As of 2024, the percent of homes in Newark, DE under the Section 8 program is 6.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Newark, DE, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 529 |
Total Units Section 8 | 520 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 76.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,370 | $1,610 |
| 2 Bedroom | $120 | $1,800 | $1,920 |
| 3 Bedroom | $130 | $2,180 | $2,310 |
| 4 Bedroom | -$170 | $2,800 | $2,630 |
Affordability — Newark, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $348,000 |
| Median Household Income | $92,300 |