Newark, New Jersey
Know what your Newark home is really worth
Data-driven estimates for Newark — with the methodology behind every number.
Newark market snapshot
- Median Sale Price
- $500K
- Median Days on Market
- 44 days
- Active Listings
- 15
RentCast market data · Essex County County, New Jersey
About Newark, New Jersey
Newark ( NEW-ərk, locally NOORK) is the most populous city in the U.S. state of New Jersey, the county seat of Essex County, and a principal city of the New York metropolitan area. As of the 2020 census, the city's population was 311,549. The Population Estimates Program calculated a population of 317,303 for 2024, making it the 64th-most populous municipality in the nation.
Settled in 1666 by Puritans from New Haven Colony, Newark is one of the oldest cities in the United States. Its location at the mouth of the Passaic River, where it flows into Newark Bay, has made the city's waterfront an integral part of the Port of New York and New Jersey. Port Newark–Elizabeth is the primary container shipping terminal of the busiest seaport on the U.S. East Coast. Newark Liberty International Airport was the first municipal commercial airport in the United States and has become one of the busiest.
Several companies are headquartered in Newark, including Prudential, PSEG, Panasonic Corporation of North America, Audible.com, IDT Corporation, Manischewitz, Horizon Blue Cross Blue Shield of New Jersey and Mars Snacking. Higher education institutions in the city include the Newark campus of Rutgers University, which includes law and medical schools and the Rutgers Institute of Jazz Studies; University Hospital; the New Jersey Institute of Technology; and Seton Hall University's law school. Newark is a home to numerous governmental offices, largely concentrated at Government Center and the Essex County Government Complex. Cultural venues include the New Jersey Performing Arts Center, Newark Symphony Hall, the Prudential Center, The Newark Museum of Art, and the New Jersey Historical Society. Branch Brook Park is the oldest county park in the United States and is home to the nation's largest collection of ornamental cherry trees, numbering over 5,000.
Newark by the numbers
Population 307,188 · Median age 34.8 yrs · Census ACS 2023
Median household income
Newark's median household income of $48,416 compares to $101,050 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.
Median age (years)
The median age in Newark is 34.8 yrs, compared to 40.1 yrs for New Jersey and 38.7 yrs nationally.
Gender split
Newark is 49.4% male and 50.6% female, per Census ACS estimates.
Population trend — Newark
Newark's population grew 9.3% from 2019 to 2023, per Census ACS 5-year estimates.
Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.
New Jersey government
Governor
Mikie Sherrill
Democrat
U.S. Senators
- Kim, Andy(D)
- Booker, Cory A.(D)
House Representatives (12)
- Norcross, Donald (D-1)(D)
- Van Drew, Jefferson (D-2)(R)
- Conaway, Herbert C. (D-3)(D)
- Smith, Christopher H. (D-4)(R)
- Gottheimer, Josh (D-5)(D)
- Pallone, Frank (D-6)(D)
- Kean, Thomas H. (D-7)(R)
- Menendez, Robert (D-8)(D)
- Pou, Nellie (D-9)(D)
- McIver, LaMonica (D-10)(D)
- Mejia, Analilia (D-11)(D)
- Watson Coleman, Bonnie (D-12)(D)
Source: Congress.gov, Wikidata. Federal legislators represent New Jersey statewide or by congressional district.
Newark economy
More than 100,000 people commute to Newark each workday, making it the state's largest employment center with many white-collar jobs in insurance, finance, import-export, healthcare, and government. Downtown Newark has more than 9,000,000 square feet (840,000 m2) of Class A office space and over 16,000,000 square feet (1,500,000 m2) of total office space. As a major courthouse venue including federal, state, and county facilities, it is home to more than 1,000 law firms. The city also has a significant number of college students, with nearly 50,000 attending the city's universities and medical and law schools. Its airport, maritime port, rail facilities, and highway network make Newark the busiest transshipment hub on the U.S. East Coast in terms of volume. Though Newark is not the industrial colossus of the past, the city does have a considerable amount of industry and light manufacturing. The southern portion of the Ironbound, also known as the Industrial Meadowlands, has seen many factories built since World War II, including a large Anheuser-Busch brewery that opened in 1951 and distributed 7.5 million barrels of beer in 2007. Grain comes into the facility by rail. The service industry is also growing rapidly, replacing those in the manufacturing industry, which was once Newark's primary economy. In addition, transportation has become a large business in Newark, accounting for more than 17,000 jobs in 2011. Newark is the third-largest insurance center in the United States…
Source: Wikipedia article on Newark under CC BY-SA 4.0.
Newark real estate news
Recent news about the Newark housing market. Source: Google News.
- Ras Baraka wins fourth term as mayor of N.J.’s largest city - NJ.comNJ.com·
- Big city Democrat mayor arrested at ICE protest faces voters in re-election bid - Fox NewsFox News·
- Old School Bakeries In Northern New Jersey - Montclair GirlMontclair Girl·
- Best of UFC 328 with Chimaev vs Strickland and the night's big moments - USA TodayUSA Today·
- Report Shows North Arlington is in the “Top 15” for Hottest Real Estate in New Jersey - TAPintoTAPinto·
Newark real estate — frequently asked questions
- What is the median home price in Newark?
- The median home sale price in Newark, NJ is $499,900, based on the most recent available sales data.
- How long do homes stay on the market in Newark?
- Homes in Newark sell in a median of 44 days.
- What is the cost of living like in Newark?
- Newark has a median household income of $48,416, per U.S. Census Bureau ACS estimates.
- Who lives in Newark?
- Newark has a population of 307,188 with a median age of 34.8 years, per U.S. Census Bureau ACS estimates.
- How do I sell my home in Newark?
- Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Newark market within 24 hours.
How it works
- 1
Enter your address
We pull public records and comparable sales for your Newark property in seconds.
- 2
See the math
Three data-driven estimates — low, mid, and high — with the market context behind them.
- 3
Connect with an expert
A licensed New Jersey real-estate professional reaches out within 24 hours.
More cities in New Jersey
Free — No obligation
Curious what your Newark home would sell for today?
Free, no-obligation estimate based on recent Newark, New Jersey comparable sales.
Get your free estimateLicensed real-estate professional responds within 24 hours.
ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in New Jersey. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.
