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NJ area data

Newark, NJ

Aggregated across 9 ZIP codes in Newark.

Population: 310,602 (Census ACS)

The median home value in Newark, NJ is $477,691 — down 2.4% over the past year. Homes sell for a median $538,667 after a median 66 days on market. Typical rent runs $2,128/month. 83 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with strongwind, winterweather, coldwave the top-rated hazards. Cost of living is 12.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$477,691

Median home value

-2.4%

1-year change

66

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$477,691
1-year appreciation
-2.4%
3-year appreciation
+2.4%
5-year appreciation
+19.2%
10-year appreciation
+105.8%
All-time peak (2024-05)
$497,758
House Price Index (state)
430.8 (+5.2% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$538,667
Median list price
$588,715
Median price per sqft
$232
1-year sale-price change
-3.0%
Median days on market
66 days
Homes sold (recent period)
22
For-sale inventory
239
Sale-to-list ratio
104.0%
Active listings
37
1-year forecast
+1.5%
New listings (monthly)
58

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,128/mo
1-year rent change
+1.6%
Studio fair-market rent
$1,385/mo
1BR fair-market rent
$1,731/mo
2BR fair-market rent
$2,099/mo
3BR fair-market rent
$2,729/mo
4BR fair-market rent
$3,149/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (High)
112.5 (100 = US avg)
Electricity rate (state-level)
22.6¢/kWh
Natural gas rate (state-level)
$14.20/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
83
Elementary schools
50
Middle schools
3
High schools
18
Charter schools
16
School districts serving the area
Discovery Charter School, North Star Academy Charter School, Gray Charter School
Schools include
Discovery Charter School, North Star Academy Charter School, The Gray Charter School, TEAM Academy Charter School, Newark Educators Community Charter School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
strongWind, winterWeather, coldWave, heatWave, inlandFlooding
Notable hazard ratings (county)
coastalFlooding: Relatively Moderate · coldWave: Relatively High · earthquake: Relatively Moderate · hail: Relatively Moderate · heatWave: Relatively High · hurricane: Relatively Moderate
FEMA flood zone (varies by location)
includes X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 17% of US counties
Buildings in wildfire direct-exposure zone
17.0%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
10
Nearest Superfund site
Riverside Industrial Park (0.5 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
56.0°F
Average high
64.7°F
Average low
47.0°F
Annual precipitation
56.4 in
Annual snowfall
8.3 in
USDA plant hardiness zone
7b (extreme annual low 5 to 10°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
14.0 / 20
Transit service frequency
281
Jobs reachable by car (30 min)
599,279
Jobs reachable by transit (45 min)
507,216

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
206
Nearest national park
Thomas Edison National Historical Park (3 mi)
National parks include
Thomas Edison National Historical Park, Ellis Island Part of Statue of Liberty National Monument, Statue Of Liberty National Monument
Airports within 30 mi
139
Nearest airport
Newark Liberty International Airport (EWR) (1 mi)
Nearest major airport
Newark Liberty International Airport (EWR) (1 mi)
Hospitals nearby (~15 mi)
39
Hospitals include
SAINT MICHAEL'S MEDICAL CENTER, THE UNIVERSITY HOSPITAL, HACKENSACK UNIVERSITY MEDICAL CENTER
Avg hospital rating (CMS)
2.5 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.0 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-4,174 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,967
Housing built before 1970
55.4%
Housing built 2000 or later
19.2%
Median annual property tax
$7,520
Mean commute to work
30 min
Households with broadband internet
65.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
273,240
Average weekly wage
$1,593
Top industries (by employment)
Health Care, Accommodation & Food, Professional Services
Annual residential building permits (county)
144

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

NewarkState medianUS median
Median home value$477,691$577,759$289,727
Median sale price$538,667$555,000$325,000
Median days on market66 days42 days51 days
Typical rent$2,128/mo$2,540/mo$1,808/mo
Median annual property tax$7,520$9,504$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Newark, NJ?
$477,691.
What is the median sale price in Newark, NJ?
$538,667.
How long do homes take to sell in Newark, NJ?
Median days on market: 66 days.
What is typical rent in Newark, NJ?
Typical rent: $2,128/month.
What is the natural-hazard risk in Newark, NJ?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: strongWind, winterWeather, coldWave, heatWave, inlandFlooding.
Is Newark, NJ in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone X; zones vary by location within the city.
What is the wildfire risk in Newark, NJ?
Risk to homes is higher than 17% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Newark, NJ?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Newark, NJ?
10 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Riverside Industrial Park, 0.5 mi.
How many schools serve Newark, NJ?
83 schools (50 elementary, 3 middle, 18 high) (NCES, 2022-23).
Is Newark, NJ walkable?
Walkability index: 14.0/20 (EPA Smart Location Database).
What is the cost of living in Newark, NJ?
Regional Price Parity: 112.5 (100 = US average) (High) (BEA RPP, metro/state-level).

ZIP codes in Newark

Selling a home in Newark, NJ?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents