Home / Select Cities  /  2024 Comparing Newark, NJ vs. Richmond, VA

2024 Compare Cities Housing:
Newark, NJ vs Richmond, VA

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Highlights
- The median age of a home in Newark is 14.5% younger than the median age of a home in Richmond.

Housing
 Newark, NJRichmond, VAUnited States
 Median Home Age556342
 Median Home Cost$385,700$327,100$338,100
 Home Appr. Last 12 months9.7%15.2%16.6%
 Home Appr. Last 5 yrs.46.3%57.5%57.0%
 Home Appr. Last 10 yrs.68.7%93.9%101.1%
 Property Tax Rate$25.0$9.5$11.0
 Homes Owned21.1%38.9%57.4%
 Housing Vacant9.1%10.3%11.2%
 Homes Rented69.8%50.8%31.4%
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 Avg Rent For Home Or Apartment
 Newark, NJRichmond, VAUnited States
 Average Rent$1,740$1,680$1,840
 Studio Apartment$980$1,140$1,080
 1 Bedroom Home or Apartment$1,160$1,170$1,180
 2 Bedroom Home or Apartment$1,390$1,320$1,430
 3 Bedroom Home or Apartment$1,760$1,710$1,860
 4 Bedroom Home or Apartment$2,070$2,080$2,160
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 Vacant Housing
 Newark, NJRichmond, VAUnited States
 Vacant For Rent3.2%2.9%1.9%
 Vacant Rented0.2%1.3%0.4%
 Vacant For Sale0.5%0.6%0.7%
 Vacant Sold0.2%0.6%0.4%
 Vacant Vacation0.1%0.3%3.6%
 Vacant Other5.0%4.6%4.1%
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 Owner-Occupied Housing Value
 Newark, NJRichmond, VAUnited States
 Less Than $20,0004.6%1.1%2.6%
 $20,000 to $39,9990.6%0.4%2.4%
 $40,000 to $59,9991.0%0.9%2.8%
 $60,000 to $79,9991.1%2.9%3.9%
 $80,000 to $99,9991.2%4.2%4.5%
 $100,000 to $149,9998.1%11.4%11.3%
 $150,000 to $199,99914.6%15.1%13.0%
 $200,000 to $299,99926.3%21.0%20.1%
 $300,000 to $399,99921.8%16.5%13.6%
 $400,000 to $499,99911.5%8.6%8.3%
 $500,000 to $749,9995.8%10.3%9.7%
 $750,000 to $999,9992.3%3.9%3.9%
 $1,000,000 to $1,499,9990.3%2.3%2.2%
 $1,500,000 to $1,999,9990.0%0.7%0.8%
 $2,000,000 and over0.8%0.8%1.1%
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 Housing Units By Year Built
 Newark, NJRichmond, VAUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 201412.0%5.3%13.6%
 2000 to 200912.0%5.3%13.6%
 1990 to 199911.1%5.8%13.6%
 1980 to 19897.4%7.1%13.2%
 1970 to 197910.6%9.9%14.8%
 1960 to 196911.1%5.8%13.6%
 1950 to 195910.9%14.7%10.0%
 1940 to 19499.3%9.1%4.7%
 1939 or Earlier23.3%29.6%12.2%

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Reviews for Newark    26 Reviews

Over 3 years ago

Newark is straight garbage.  More

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Newark's Ironbound is extremely dangerous, there is a lot of crime, the police are just good at hiding it. It usually doesn't happen on Ferry St., but does 1/2 block  More

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Over 11 years ago

I have worked and lived in Newark for 20 years. I raised 3 children. Two of my children went on to college, graudated with Accountant Degree and the other one in  More

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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ZIPS IN NEWARK, NEW JERSEY
07105 07104 07107 07106 07103 07112 07108 07114 07102
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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