Market Summary

Newark, Essex County, NJ

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Median Home Price Price

$470,887 $470.9K

Median Monthly Rent Rent

$1,539 $1.5K

GRM

25.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Essex County

No similar markets found for this scope.

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Essex County

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Home prices

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Monthly rent

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GRM

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Home prices

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Monthly rent

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GRM

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Newark

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Trend Insights

Median Rent in Newark, NJ is $1,539, with MoM change +$7 and YoY change +$56 pointing to positive momentum while volatility is low (std $12).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Newark, NJ.

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Metric
Base market Newark, NJ
Compare market Select a market
Delta vs base
Median rent
$1,539
N/A
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Median price
$470,887
N/A
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YoY change
+$56
N/A
—
Price-to-rent
25.5x
Data unavailable
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