Property Prices in Newark, NJ, United States

Index Info
Price to Income Ratio: 4.40
Mortgage as Percentage of Income: 33.50%
Loan Affordability Index: 2.98
Price to Rent Ratio - City Centre: 8.78
Price to Rent Ratio - Outside of Centre: 4.24
Gross Rental Yield (City Centre): 11.39%
Gross Rental Yield (Outside of Centre): 23.56%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,051.38 $ 1,721.00-2,295.00
Apartment (1 bedroom) Outside of Centre 1,753.38 $ 900.00-2,295.00
Apartment (3 bedrooms) in City Centre 1,785.00 $ 1,500.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,690.00 $ 1,500.00-2,350.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 280.11 $ 144.25-488.71
Price per Square Feet to Buy Apartment Outside of Centre 119.31 $ 108.75-126.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,444.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.54 4.25-6.00

These data are based on 99 entries in the past 18 months from 24 different contributors.
Last update: January 2021

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&