Property Prices in Newark, NJ, United States

Index Info
Price to Income Ratio: 8.89
Mortgage as Percentage of Income: 79.97%
Loan Affordability Index: 1.25
Price to Rent Ratio - City Centre: 12.46
Price to Rent Ratio - Outside of Centre: 16.70
Gross Rental Yield (City Centre): 8.02%
Gross Rental Yield (Outside of Centre): 5.99%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,300.00 $
Apartment (1 bedroom) Outside of Centre 1,700.00 $
Apartment (3 bedrooms) in City Centre 3,300.00 $ 3,000.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,500.00 $ 2,500.00-2,500.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 527.96 $
Price per Square Feet to Buy Apartment Outside of Centre 527.96 $
Salaries And Financing
Average Monthly Net Salary (After Tax) 3,195.11 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.56 6.19-6.80

These data are based on 30 entries in the past 18 months from 14 different contributors.
Last update: February 2024

Sources and References
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1 Comments so far
Donna Jacobs on Nov 24, 2020:
I need and found a two bedroom apartment and ready for violent crimes to move me asap please I can't keep looking at my attacker every day after the things and sad to my only daughter cause I am very scary for me and my family in this building and I believe that the landlord is definitely still did not talk with me about my safety in this building can someone please help me Donn Jacobs&