Newark, DE is a beautiful and vibrant city with a vibrant housing market. The housing median value in Newark, DE is $325,700 which is slightly lower than the US House Median Value of $338,100. However, the house appreciation rate for the past year in Newark, DE was higher than the US average at 10.15%, compared to 8.27%. This indicates that house prices have been growing quickly and steadily in Newark, making it an appealing place for both home buyers and investors. With its attractive housing prices and great appreciation rate, Newark remains an enticing option for those looking for a place to call home.
The median home cost in Newark is $325,700. Home appreciation the last 10 years has been 64.3%. Home Appreciation in Newark is up 14.0%.
Average Age of Homes
- The median age of Newark real estate is 41 years old
The Rental Market in Newark
- Renters make up 41.1% of the Newark population
- 5.7% 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.