Newark, CA—94560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newark, CA
As of Oct '25, the median home price in Newark, CA is $1,216,000, with a year-over-year change of -5.4%. This indicates that home prices in Newark, CA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,216,000 | -5.4% |
| Single Family | $1,243,000 | -5.8% |
| Condos | $820,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $462,000 | -12.7% |
2 Bed | $658,000 | -9.9% |
3 Bed | $1,138,000 | -5.9% |
4 Bed | $1,383,000 | -4.9% |
| 5 Bed | $1,744,000 | -4.9% |
% of Housing Stock
Rental Trends — Newark, CA
As of July '25, Rentcast reports the average rent in Newark, CA is $3,560, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Newark, CA is studios: $1,700, 1-bedrooms: $2,070, 2-bedrooms: $2,830, 3-bedrooms: $4,020, 4-bedrooms: $4,680. The most common rental property sizes in Newark, CA are 2-bedroom and 3-bedroom, accounting for 34.0% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,560 |
| Studio Rent | $1,700 | $1,700 |
| 1 Bed Rent | $2,100 | $2,070 |
| 2 Bed Rent | $2,750 | $2,830 |
| 3 Bed Rent | $3,900 | $4,020 |
| 4 Bed Rent | $4,700 | $4,680 |
% of Rental Stock
Property Listings — Newark, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Newark, CA is 34. This is a increase of 21.0% 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 | $1,200,000 | 5.0% |
Listing Count | 93 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 34 | 21.0% |
Demographics — Newark, CA
As of the latest ACS Survey released in 2023, Newark, CA has a population of 47,100, which has increased by 1.9% over the past 5 years. Newark, CA is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 47.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,100 | 1.9% |
% Under 18 | 19.0% | -11.2% |
% Seniors | 13.0% | 2.4% |
% WFH | 22.5% | 435.7% |
% w/ College Degree | 47.1% | 44.0% |
As of the latest ACS Survey released in 2023, Newark, CA is a predominantly asian area, with 43.1% of the population identifying as asian. The asian population has grown by 32.6% in the last 5 years. The second most common race or ethnicity in Newark, CA is hispanic, making up 28.6% of the population. Foreign-born residents account for 43.0% of the population in Newark, CA, and this percentage has increased by 18.8% 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 | 18.7% | -24.0% |
% Black | 3.7% | -22.9% |
% Hispanic | 28.6% | -14.6% |
% Asian | 43.1% | 32.6% |
% Foreign Born | 43.0% | 18.8% |
Mortgage and Risk — Newark, CA
According to HUD data as of 2023, there were 675 mortgage originations in Newark, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Newark, CA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 675 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Newark, CA
As of 2024, the percent of homes in Newark, CA under the Section 8 program is 9.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Newark, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 474 |
Total Units Section 8 | 424 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 93.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $2,100 | $2,270 |
| 2 Bedroom | $10 | $2,750 | $2,760 |
| 3 Bedroom | -$370 | $3,900 | $3,530 |
| 4 Bedroom | -$500 | $4,700 | $4,200 |
Affordability — Newark, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $1,216,000 |
| Median Household Income | $165,000 |