Newark, DE—19713
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 $311,000, with a year-over-year change of 5.5%. This indicates that home prices in Newark, DE are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 5.5% |
| Single Family | $317,000 | 5.3% |
| Condos | $205,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $154,000 | 5.5% |
2 Bed | $237,000 | 3.5% |
3 Bed | $301,000 | 6.4% |
4 Bed | $366,000 | 4.3% |
| 5 Bed | $405,000 | 3.1% |
% of Housing Stock
Rental Trends — Newark, DE
As of July '25, Rentcast reports the average rent in Newark, DE is $1,760, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Newark, DE is studios: $1,420, 1-bedrooms: $1,420, 2-bedrooms: $1,590, 3-bedrooms: $2,180, 4-bedrooms: $3,450. The most common rental property sizes in Newark, DE are 2-bedroom and 1-bedroom, accounting for 33.9% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,760 |
| Studio Rent | $1,250 | $1,420 |
| 1 Bed Rent | $1,430 | $1,420 |
| 2 Bed Rent | $1,650 | $1,590 |
| 3 Bed Rent | $2,200 | $2,180 |
| 4 Bed Rent | $2,700 | $3,450 |
% 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 34. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer 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 | $338,000 | 3.0% |
Listing Count | 62 | 44.0% |
| Listings as % of Homes | 0.3% | 44.0% |
Days on Market | 34 | 28.0% |
Demographics — Newark, DE
As of the latest ACS Survey released in 2023, Newark, DE has a population of 30,500, which has increased by 1.1% over the past 5 years. Newark, DE is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,500 | 1.1% |
% Under 18 | 20.1% | -1.5% |
% Seniors | 17.2% | 8.2% |
% WFH | 13.9% | 531.8% |
% w/ College Degree | 29.7% | 5.3% |
As of the latest ACS Survey released in 2023, Newark, DE is a predominantly white area, with 49.9% of the population identifying as white. The white population has shrunk by 19.1% in the last 5 years. The second most common race or ethnicity in Newark, DE is black, making up 21.9% of the population. Foreign-born residents account for 17.1% of the population in Newark, DE, and this percentage has increased by 10.3% 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 | 49.9% | -19.1% |
% Black | 21.9% | 20.3% |
% Hispanic | 19.0% | 72.7% |
% Asian | 5.8% | -6.5% |
% Foreign Born | 17.1% | 10.3% |
Mortgage and Risk — Newark, DE
According to HUD data as of 2023, there were 412 mortgage originations in Newark, DE, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Newark, DE. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 412 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Newark, DE
As of 2024, the percent of homes in Newark, DE under the Section 8 program is 11.3%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Newark, DE, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 526 |
Total Units Section 8 | 517 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,430 | $1,430 |
| 2 Bedroom | $50 | $1,650 | $1,700 |
| 3 Bedroom | -$150 | $2,200 | $2,050 |
| 4 Bedroom | -$370 | $2,700 | $2,330 |
Affordability — Newark, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $311,000 |
| Median Household Income | $72,800 |