Explore Newark, NJ - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
0.84%
Investor Friendly Score
37.00%
Median Price
$550,000

Market Insights

The housing market in Newark continues to see strong price appreciation, with values up 17.0% compared to last year. Home prices have increased 7.0% in the past month alone. With 2.1 months of supply, Newark's inventory levels remain relatively tight. Transaction volume is up 34% compared to what's typically expected this time of year. Only 5.6% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (55.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Newark market with the affordability index at 10.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.

Demographics market for - Newark, NJ

Total Population -

314,560

White Population

24.03%

Black Population

44.40%

Mexican3.97% (1.18% of total population)
Puerto Rican32.16% (9.57% of total population)
Cuban2.13% (0.63% of total population)
Dominican20.51% (6.11% of total population)
Salvadoran3.48% (1.04% of total population)
Costa Rican0.34% (0.10% of total population)
Gautemalan2.72% (0.81% of total population)
Honduran2.63% (0.78% of total population)
Nicaraguan0.18% (0.05% of total population)
Panamanian0.28% (0.08% of total population)
Argentinean0.50% (0.15% of total population)
Bolivian0.05% (0.02% of total population)
Chilean0.56% (0.17% of total population)
Colombian2.27% (0.67% of total population)
Ecuadorian23.61% (7.03% of total population)
Peruvian2.90% (0.86% of total population)
Uruguyan0.56% (0.17% of total population)
Venezuelan1.17% (0.35% of total population)

Indian 1.77% (0.53% of total population)
Bangladeshi 0.27% (0.08% of total population)
Chinese 1.03% (0.31% of total population)
Bhutanese 0%
Burmese 0%
Filipino 0.37% (0.11% of total population)
Hmong 0%
Indonesian 0.02% (0.01% of total population)
Japanese 0.06% (0.02% of total population)
Korean 0.75% (0.22% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0.73% (0.22% of total population)
Srilankan 0.09% (0.03% of total population)
Taiwanese 0%
Pakistani 0.73% (0.22% of total population)
Srilankan 0.09% (0.03% of total population)
Taiwanese 0%
Thai 0.02% (0.01% of total population)
Vietnamese 0.04% (0.01% of total population)

Hawaiian0.08% (0.02% of total population)
Samoan0%
Chamorro0.01% (0.00% of total population)
Fijian0%
Marshallese0%

Crime for - Newark, NJ

Assault Offenses100.00%

Robbery100.00%

Sex Offenses87.50%
Kidnapping/Abduction12.50%

Arson33.33%
Fraud Offenses50.00%
Counterfeiting/Forgery16.67%

Homicide Offenses100.00%

Burglary/Breaking & Entering17.49%
Larceny/Theft Offenses20.91%
Destruction/Damage/Vandalism of Property28.57%
Stolen Property Offenses22.29%
Motor Vehicle Theft10.74%

Real Estate Market Prediction for - Newark, NJ

City Hotspots

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Nearby Cities From- Newark, NJ

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