Newark, OH 43055 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Newark, OH—43055

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$251,000

2.9% YoY Growth

Household Income

$61,800

34.3% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$1,050

8.6% YoY Growth

1-Bed Rent

$800

14.0% YoY Growth

2-Bed Rent

$1,100

5.4% YoY Growth

3-Bed Rent

$1,300

4.7% YoY Growth

Home Price Trends — Newark, OH

As of May '26, the median home price in Newark, OH is $251,000, with a year-over-year change of 2.9%. This indicates that home prices in Newark, OH are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$251,000	2.9%
Single Family	$253,000	3.3%
Condos	$238,000	5.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.4%

1 Bedroom

25.9%

2 Bedrooms

33.8%

3 Bedrooms

29.1%

4 Bedrooms

5.5%

5+ Bedrooms

0.3%

Property Listings — Newark, OH

As of May '26, Realtor.com reports that the median days on market for a home in Newark, OH is 36. This is a increase of 20.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$280,000	0.0%
Listing Count	173	-10.0%
Listings as % of Homes	0.3%	-10.0%
Days on Market	36	20.0%

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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%

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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%

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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%

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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

Newark, OH—43055

Key Metrics at a Glance

Home Price Trends — Newark, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Newark, OH

% of Rental Stock

Property Listings — Newark, OH

Demographics — Newark, OH

Race and Ethnicity

Mortgage and Risk — Newark, OH

Mortgages

Rentals and Section 8 — Newark, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Newark, OH

Home Price to Income Ratio

Newark, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Saint Louisville, OH

Heath, OH

Utica, OH

Jacksontown

Granville, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$251,000
Median Household Income	$61,800

Newark, OH—43055

Key Metrics at a Glance

Home Price Trends — Newark, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Newark, OH

% of Rental Stock

Property Listings — Newark, OH

Demographics — Newark, OH

Race and Ethnicity

Mortgage and Risk — Newark, OH

Mortgages

Rentals and Section 8 — Newark, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Newark, OH

Home Price to Income Ratio

Newark, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Saint Louisville, OH

Heath, OH

Utica, OH

Jacksontown

Granville, OH

Frequently Asked Questions

What is the average home price in Newark, OH 43055?

How have home prices in Newark, OH 43055 changed over the past year?

What is the home price projection for Newark, OH 43055?

What are the demographics of Newark, OH 43055?

How long does it take homes to sell in Newark, OH 43055?

What is the average rent price in Newark, OH 43055?