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The median home value in Newark, NJ is $481,883 as of 2026-07-31, down 1.73% from a year earlier.
Median Home Value
$481,883
Year-over-Year
-1.73%
Population
309,708
Newark ranks #138 of 184 New Jersey cities tracked here by median home value, and sits 22.1% below the state's city median of $618,410. It sits in Essex County, where the county-wide median is $669,040.
Median household income in Newark is $52,060, so the typical home value is about 9.3× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Newark police recorded a violent crime rate of 581 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 1,957 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Newark, that value is $481,883. That's down 1.73% from a year earlier. It is about 22.1% below the typical New Jersey city tracked here.
Homes in Newark are cheaper than Essex County as a whole, where the median is $669,040 — a difference of about 28.0%.
Median household income here is $52,060, so the typical home value is about 9.3× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Newark police reported 581 violent crimes per 100,000 residents, covering a population of about 309,708. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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