Newark, DE—19711
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 $417,000, with a year-over-year change of 3.8%. This indicates that home prices in Newark, DE are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $417,000 | 3.8% |
| Single Family | $421,000 | 3.7% |
| Condos | $231,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | 6.9% |
2 Bed | $261,000 | 5.2% |
3 Bed | $347,000 | 4.2% |
4 Bed | $508,000 | 5.0% |
| 5 Bed | $615,000 | 4.4% |
% of Housing Stock
Rental Trends — Newark, DE
As of July '25, Rentcast reports the average rent in Newark, DE is $2,100, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Newark, DE is studios: $1,110, 1-bedrooms: $1,630, 2-bedrooms: $2,070, 3-bedrooms: $2,290, 4-bedrooms: $2,720. The most common rental property sizes in Newark, DE are 2-bedroom and 1-bedroom, accounting for 38.1% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,970 | $2,100 |
| Studio Rent | $1,220 | $1,110 |
| 1 Bed Rent | $1,720 | $1,630 |
| 2 Bed Rent | $1,950 | $2,070 |
| 3 Bed Rent | $2,300 | $2,290 |
| 4 Bed Rent | $2,700 | $2,720 |
% 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 30. This is a decrease of -27.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $536,000 | -7.0% |
Listing Count | 98 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 30 | -27.0% |
Demographics — Newark, DE
As of the latest ACS Survey released in 2023, Newark, DE has a population of 49,100, which has decreased by -5.6% over the past 5 years. Newark, DE is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 52.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,100 | -5.6% |
% Under 18 | 16.2% | 6.6% |
% Seniors | 17.0% | 6.2% |
% WFH | 16.6% | 268.9% |
% w/ College Degree | 52.7% | 7.1% |
As of the latest ACS Survey released in 2023, Newark, DE is a predominantly white area, with 69.0% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Newark, DE is black, making up 9.2% of the population. Foreign-born residents account for 11.7% of the population in Newark, DE, and this percentage has increased by 0.9% 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 | 69.0% | -4.8% |
% Black | 9.2% | -10.7% |
% Hispanic | 9.1% | 15.2% |
% Asian | 7.5% | 8.7% |
% Foreign Born | 11.7% | 0.9% |
Mortgage and Risk — Newark, DE
According to HUD data as of 2023, there were 581 mortgage originations in Newark, DE, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Newark, DE. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 581 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Newark, DE
As of 2024, the percent of homes in Newark, DE under the Section 8 program is 6.2%. 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. In Newark, DE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 496 |
Total Units Section 8 | 378 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,720 | $1,490 |
| 2 Bedroom | -$170 | $1,950 | $1,780 |
| 3 Bedroom | -$160 | $2,300 | $2,140 |
| 4 Bedroom | -$260 | $2,700 | $2,440 |
Affordability — Newark, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $417,000 |
| Median Household Income | $94,500 |