Newark: Housing & Real Estate
Newark's median home value is $382,500 (estimated market value runs 17% higher at $447,966), with median rent $1,654 (1.1× higher than New Castle County median $1,448; 1.2× higher than Delaware median $1,401). Homeownership rate: 50.7%. That's 1.1× higher than the New Castle County median ($352,200); 1.1× higher than the Delaware median ($352,000). Market is warm. Vacancy rate 13.3%. New construction makes up 10.9% of stock. 9 nursing facilities on file. A municipal building code is in effect.
- 5.0× annual income — home value vs. household income (vs Delaware 3.8×).
- 19.3 years to break even renting at the median (vs Delaware 18y).
- 4-BR rent is 1.7× a studio — rent gradient by unit size.
- Median rent 8% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $382,500 — 1.3× the Delaware median ($291,400). Median rent $1,654/month. homeownership rate 50.7% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 5.0× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 25.1% |
| Affordability · Rent Affordability | moderate |
| Affordability · Pct Severely Rent Burdened | 60.7% |
| Affordability · Poverty Rate | 27.7% |
| Affordability · Property Tax Pct Income | 3.9% |
| Fair Market Rent · Studio rent | $1,397 (at Delaware median) |
| Fair Market Rent · One-bedroom rent | $1,520 (at Delaware median) |
| Fair Market Rent · Two-bedroom rent | $1,810 (at Delaware median) |
| Fair Market Rent · Three-bedroom rent | $2,170 (at Delaware median) |
| Fair Market Rent · Four-bedroom rent | $2,423 (at Delaware median) |
| Fair Market Rent · HUD FMR area | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $447,966 |
| Median Home Value | $382,500 (vs Delaware $291,400) |
| Median Rent | $1,654 (vs Delaware $1,344) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 13.3% |
| Housing Market · New construction (% of stock) | 10.9% |
| Housing Market · Price Appreciation 2Yr | 7.0% |
| Housing Orgs · Total count | 12 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Facilities (5)
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Delaware median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Delaware median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Delaware median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 81.6% (at Delaware median) |
| Broadband · Broadband-capable premises | 13,026 |
| Electricity · Electricity rate (¢/kWh) | 16.57¢/kWh |
| Electricity · Customers | 473508 |
| Electricity · Revenue Millions | $857 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Delaware median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Delaware median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 41 |
|---|---|
| Ev Charging · Public Stations | 31 |
| Ev Charging · L2 Ports | 66 |
| Ev Charging · Dc Fast Ports | 61 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 50.7% (vs Delaware 61.8%) |
|---|---|
| Median Year Built | 1978 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12