East Newark, NJ has an impressive median value of $483,300 for its housing, significantly higher than the US median of $338,100. In the last year, the appreciation rate for houses in East Newark has increased by 10.07%, higher than the national average of 8.27%. This indicates a strong and vibrant housing market in East Newark that is likely to remain healthy and desirable in the coming years.
The median home cost in East Newark is $483,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in East Newark is up 13.9%.
Average Age of Homes
- The median age of East Newark real estate is 68 years old
The Rental Market in East Newark
- Renters make up 69.1% of the East Newark population
- 1.7% of houses and apartments in East 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.