Newark New Jersey Real Estate
Newark, New Jersey, is located in Essex County, of , and 10 miles W of New York, New York. Newark has a population of 273,546.
Newark Homes
Newark properties pool is 91,382 residential properties including Newark new homes. Median age of real estate in Newark is 1953. Average Household size is 3.43 people. 7% are one bedroom homes, 32% are 2 bedroom homes, 36% are 3 bedroom homes, 12% are 4 bedroom homes, and 13% are 5+ bedroom homes.
Newark Mortgage Statistics
Newark mortgages vs. USA median statistics
| Homes |
Newark |
USA |
| Homes With No Mortgage |
27% |
30% |
| Homes With Mortgage |
73% |
70% |
| First Mortgage Only |
58% |
54% |
| First & Second Mortgage or HELOC |
15% |
16% |
Newark Area Real Estate Tax
Newark Real estate Tax: Median Real Estate Taxes (2000) were $2,692 comparing to 1999 Median Family income $ 30,781. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Newark School District: Children make up 27.9% of Newark population. Newark has 76,419 under 18 years old residents, or 0.87 kids per one worker, or 0.84 kids per one household.
Newark Real Estate & Newark Homeownership
There are 24673.14 or 27% one person households, 21931.68 or 24% two person households, and 17362.58 or 19% three person households in Newark, New Jersey. Median residents age is 30.8, Senior citizens (65+) make up 25,306 or 9.3%% of Newark population.
There are 87,720 workers (over 16 years of age) in Newark. Of these, 62.97% drive to work. Approximately 26.48% of workers in Newark take public transportation. An estimated 7.93% walk to work.
Median Newark homeowner's housing expences are 24.7%
Crime in Newark (2003), crimes per 10,000 residents per year
| Type of Crime |
Newark |
USA, 2003 |
| Violent Crimes |
99.84 |
47.5 |
| Robberies |
47.67 |
14.2 |
| Aggravated Assaults |
46.1 |
29.5 |
| Property Crimes |
506.72 |
358.8 |
| Burglaries |
83.39 |
74.0 |
| Larceny-Thefts |
203.33 |
241.5 |
| Motor Vehicle Thefts |
220 |
43.3 |
Invest in Newark Properties
When making a decision about buying real estate in Newark New Jersey area, you should consider following statistical data:
| Category |
Newark |
USA |
| Near Medium City |
|
- |
| Near Large City |
New York, New York |
- |
| Newark Zip Codes |
07102, 07103, 07104, 07105, 07106, 07107, 07108, 07112, 07114 |
- |
| Newark Area Codes |
973 |
- |
| White population |
26.52% |
75.1% |
| African-American population |
53.46% |
12.3% |
| Asian |
1.19% |
3.6% |
| American Indian & Alaskan |
0.37% |
0.9% |
| Hispanic (of any race) |
29.47% |
12.5% |
| Median Family Income (1999) |
$ 30,781% |
$42,000 |
| Population Below Poverty Level |
27.15% |
12.4% |
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