Housing in Newark, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$607,000
Median List Price
$620,000
Price Per Sq Ft
$196
Days on Market
89
Active Inventory
466
Months of Supply
5.4
Balanced market
Zillow Home Value
$479,280
ZHVI — January 2026
Zillow Rent Index
$2,143
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Off Market in 2 Weeks
15.3%
Sale-to-List Ratio
101.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
86
New Listings
159
Pending Sales
85
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$196
Median List $/SF
$228
Newark vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 250,000 - 500,000 residents. Newark is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$337,800
Median Rent
$1,330
Total Housing Units
121,604
Vacancy Rate
6.5%
Owner Occupied
24.1%
Renter Occupied
75.9%
Median Property Tax
$7,178
per year
Monthly Cost (w/ Mortgage)
$2,051
Housing Types
The current median sale price in Newark, NJ is $607,000 according to Redfin data. Homes spend a median of 89 days on the market. 50.0% of homes sold above asking price. The market has 5.4 months of supply. The median price per square foot is $196. Zillow's observed rent index is $2,143/month. About 24.1% of housing units are owner-occupied. The median year homes were built is 1966. There are 121,604 total housing units.