The housing market in Newark, CA is quite expensive, with a median value of $1,067,400. This is more than three times the US median house value of $338,100. Despite this, the 1 year appreciation rate of 5.52% for Newark homes is still lower than the national average of 8.27%. This indicates that despite the high prices in Newark, it may be a good time to invest in real estate due to its relatively stable market conditions.
The median home cost in Newark is $1,067,400. Home appreciation the last 10 years has been 141.5%. Home Appreciation in Newark is up 10.9%.
Average Age of Homes
- The median age of Newark real estate is 44 years old
The Rental Market in Newark
- Renters make up 30.2% of the Newark population
- 0.8% of houses and apartments in Newark, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.