Newark, OH—43055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newark, OH
As of Oct '25, the median home price in Newark, OH is $241,000, with a year-over-year change of 1.4%. This indicates that home prices in Newark, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 1.4% |
| Single Family | $242,000 | 1.7% |
| Condos | $230,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | 2.3% |
2 Bed | $180,000 | 1.1% |
3 Bed | $248,000 | 2.1% |
4 Bed | $339,000 | 2.1% |
| 5 Bed | $413,000 | 1.2% |
% of Housing Stock
Rental Trends — Newark, OH
As of July '25, Rentcast reports the average rent in Newark, OH is $1,170, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Newark, OH is studios: $730, 1-bedrooms: $824, 2-bedrooms: $1,170, 3-bedrooms: $1,410, 4-bedrooms: $1,930. The most common rental property sizes in Newark, OH are 2-bedroom and 3-bedroom, accounting for 33.8% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,170 |
| Studio Rent | $650 | $730 |
| 1 Bed Rent | $800 | $824 |
| 2 Bed Rent | $1,100 | $1,170 |
| 3 Bed Rent | $1,300 | $1,410 |
| 4 Bed Rent | $1,980 | $1,930 |
% of Rental Stock
Property Listings — Newark, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Newark, OH is 47. This is a increase of 33.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 6.0% |
Listing Count | 214 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 47 | 33.0% |
Demographics — Newark, OH
As of the latest ACS Survey released in 2023, Newark, OH has a population of 62,700, which has increased by 1.3% over the past 5 years. Newark, OH is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,700 | 1.3% |
% Under 18 | 22.9% | 1.3% |
% Seniors | 17.9% | 5.3% |
% WFH | 10.6% | 221.2% |
% w/ College Degree | 22.6% | 13.6% |
As of the latest ACS Survey released in 2023, Newark, OH is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Newark, OH is black, making up 2.6% of the population. Foreign-born residents account for 1.9% of the population in Newark, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.4% | -2.6% |
% Black | 2.6% | 0.0% |
% Hispanic | 2.2% | 69.2% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 1.9% | 0.0% |
Mortgage and Risk — Newark, OH
According to HUD data as of 2023, there were 1414 mortgage originations in Newark, OH, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Newark, OH. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,414 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Newark, OH
As of 2024, the percent of homes in Newark, OH under the Section 8 program is 15.5%. This is considered high, suggesting that the neighborhood is heavily 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, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,629 |
Total Units Section 8 | 1,588 |
% Rentals under Section 8 | 15.5% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $800 | $960 |
| 2 Bedroom | $80 | $1,100 | $1,180 |
| 3 Bedroom | $120 | $1,300 | $1,420 |
| 4 Bedroom | -$400 | $1,980 | $1,580 |
Affordability — Newark, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $241,000 |
| Median Household Income | $61,800 |