Newark, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newark Neighborhoods Since 2000




Newark, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Newark Housing Market Information

With 8,843 people, 3,714 houses or apartments, and a median cost of homes of $93,751, house prices in Newark are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Newark, accounting for 48.53% of the village's housing units. Other types of housing that are prevalent in Newark include duplexes, homes converted to apartments or other small apartment buildings ( 25.50%), large apartment complexes or high rise apartments ( 19.25%), and a few mobile homes or trailers ( 3.89%).

The most prevalent building size and type in Newark are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 47.80% owning and 52.20% renting.

The housing in Newark was primarily built before 1939 ( 37.67%), making the housing stock in Newark some of the oldest overall in America, although there is a range of ages of homes in Newark. The next most important housing age is between 1940-1969 ( 37.62%), followed by between 1970-1999 ( 22.56%). There's also some housing in Newark built between 2000 and later ( 2.16%).

Newark Home Appreciation Rates

Appreciation rates for homes in Newark have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.08%, which ranks in the top 50% nationwide. This equates to an annual average Newark house appreciation rate of 0.21%.

NeighborhoodScout's data show that during the latest twelve months, Newark's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, Newark's appreciation rate has been -0.57%, which annualizes to a rate of -2.26%.

Notably, Newark's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Newark's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$93,751

Newark, NY HOME PRICES

Value Range
> $1,025,000 0.4
$769,001 - $1,025,000 0.0
$513,001 - $769,000 0.0
$410,001 - $513,000 0.0
$307,001 - $410,000 1.5
$205,001 - $307,000 1.5
$102,001 - $205,000 31.4
$52,001 - $102,000 56.3
$0 - $52,000 9.0

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
81.5129497245986 87.2053872053872

Number Of Homes And Apartments:
3,714

Newark Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
19.85% 1.06% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$775 / per month

Homeownership Rate

Homeownership
Owners 47.80
Renters 52.20
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Newark HOMES
2000 or Newer 2.2
1970 - 1999 22.6
1940 - 1969 37.6
1939 or Older 37.7

Types of Homes

TYPE OF Newark HOMES
Single-Family 48.5
Townhomes 2.8
Small Apt. Buildings 25.5
Apt. Complexes 19.2
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Newark HOMES
No Bedroom 4.54
1 Bedroom 18.52
2 Bedrooms 24.42
3 Bedrooms 39.70
4 Bedrooms 10.54
5 or more bedrooms 2.28