What is the median home price in Newark?

The median home price in Newark, Newark city, Ohio is $162,300, which is 42% below the national average of 281,900 ($281,900).

Newark, Newark city, Ohio has a violent crime rate of 1.4 per 1,000 residents, which is 61% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the Walk Score for Newark?

Newark, Newark city, Ohio has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 26/100.

What is the median household income in Newark?

The median household income in Newark, Newark city, Ohio is $56,284, which is 25% below the national average of 74,580 ($74,580).

What is the average rent in Newark?

The median rent in Newark, Newark city, Ohio is $888 per month. The national average median rent is $1,163/month.

What is the air quality in Newark?

Newark, Newark city, Ohio has an Air Quality Index (AQI) of 43, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Newark?

The population of Newark, Newark city, Ohio is approximately 50,062. The homeownership rate is 88.0% (national average: 65.9%).

What are the climate risks in Newark?

Newark, Newark city, Ohio has an overall climate risk rating of "Very Low" with a risk score of 7.70. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Newark affordable?

Newark, Newark city, Ohio has an affordability index of 135, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 11.8¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Newark?

The unemployment rate in Newark, Newark city, Ohio is 4.0%. The national average unemployment rate is 3.7%. The poverty rate is 16.3% (national average: 12.4%).

Newark

Newark city, Ohio

Affordable

About Newark

If you're seeking a blend of affordability and small-town charm, Newark, Ohio, might just be your sweet spot. With a population just over 50,000, Newark offers a close-knit community feel without sacrificing access to modern conveniences. The median home value here clocks in at a remarkably accessible $162,300, a stark contrast to the national median. This translates to more house for your money, allowing you to invest in a comfortable lifestyle. Imagine spending your weekends exploring local parks, enjoying community events, and knowing your neighbors – all without breaking the bank. Newark offers a slower pace of life, where you can truly put down roots and build a life.

From an investment perspective, Newark presents a compelling case. While the median household income of $56,284 is slightly below the national average, the significantly lower cost of living more than compensates. The housing market is stable, with a strong demand for affordable homes. This area is ideal for first-time homebuyers, young families, and those seeking a more relaxed lifestyle without sacrificing career opportunities. With its blend of affordability, community spirit, and proximity to larger cities, Newark offers a refreshing alternative to the hustle and bustle of more expensive locales.

Newark, Ohio at a Glance

Newark is a city in Newark city, Ohio with a population of approximately 50,062. The median home value is $162,300 and the median household income is $56,284. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very Low." Median rent is $888 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.