In Newark, a typical home is worth $132,600 and typical rent is $979 a month. Compared with all of Wayne County, the typical home value is 22% lower, typical household income is 19% lower, and the share of households that own their home is 19 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $148,530 to $204,705.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Newark is in Wayne County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wayne County. See the county
What this place has that others do not, from public data, most unusual first.
1
61% of households in Newark own their home, against 80% in Wayne County.
2
The typical home in Newark is worth $132,600,22% less than in Wayne County as a whole ($170,000).
3
The typical household income in Newark is $60,006,19% less than in Wayne County as a whole ($74,506).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Newark
What homes there are in Newark, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Newark
Wayne County
New York
United States
Kind of home: Newark and its comparisons
Measure
Newark
Wayne County
New York
United States
Detached house
57%
75%
41%
61%
Attached house
Unreliable estimate
2%
6%
6%
Building of 2 to 4
27%
10%
17%
8%
Apartments (5 or more)
Unreliable estimate
6%
35%
19%
Mobile home
Unreliable estimate
8%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Newark, 6 in 10 homes are single-family detached houses; in Wayne County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Newark
Wayne County
New York
United States
Year built: Newark and its comparisons
Measure
Newark
Wayne County
New York
United States
Before 1960
58%
44%
52%
26%
1960–1979
24%
21%
22%
24%
1980–1999
12%
23%
14%
25%
2000–2009
Unreliable estimate
8%
6%
14%
2010 or later
Unreliable estimate
4%
6%
11%
In Newark, half of the homes were built before 1956; in Wayne County, before 1968.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K36%
$100K–$200K44%
$200K–$300K14%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Newark and its comparisons
Measure
Newark
Under $100K
36%
$100K–$200K
44%
$200K–$300K
14%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99938%
$1,000–$1,49944%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Newark and its comparisons
Measure
Newark
Under $500
Unreliable estimate
$500–$999
38%
$1,000–$1,499
44%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,331 a month
Wayne County: $1,541 a month
Without a mortgage
$584 a month
Wayne County: $666 a month
Owners with a mortgage
60%
Wayne County: 60%
In Newark, 60% of owners have a mortgage, and their typical cost is $1,331 a month, against $1,541 in Wayne County. Without one it drops to $584.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Newark+41%
Wayne County+37%
New York+35%
United States+53%
Typical rent
Newark+24%
Wayne County+20%
New York+27%
United States+33%
Typical household income
Newark+34%
Wayne County+25%
New York+26%
United States+29%
Change since 2015–2019: Newark and its comparisons
Measure
Newark
Wayne County
New York
United States
Typical home value
+41%
+37%
+35%
+53%
Typical rent
+24%
+20%
+27%
+33%
Typical household income
+34%
+25%
+26%
+29%
The typical home value in Newark rose 41% since 2015–2019, more than in Wayne County (37%).
Since 2015–2019, the typical rent in Newark rose 24%, more than in Wayne County (20%).
To compare: typical income in Newark rose 34%; the home, +41%; the rent, +24%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Newark and its comparisons
Measure
Newark
Wayne County
New York
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
3.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
1.6%
5.3%
3.4%
People per household
2.18
2.30
2.49
2.53
Drive alone
75%
78%
49%
69%
Carpool
Unreliable estimate
9%
6%
9%
Public transit
Unreliable estimate
Unreliable estimate
22%
3%
Walk or bike
Unreliable estimate
2%
6%
3%
Work from home
Unreliable estimate
10%
15%
15%
Other means
Unreliable estimate
Unreliable estimate
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.18 on average, against 2.30 in Wayne County.
To get to work, 75% of workers in Newark drive alone; in Wayne County, 78%.
Do the math
What would you pay each month for a home in Newark?
A typical home is within reach of the typical income
We start with a typical home in Newark, worth $132,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Newark, which is $60,006 a year.
The calculator's FHA and conventional loan limits are those of all of Wayne County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Newark. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,641 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,338
at 7.18% · 30 years
Loan amount
$130,198
Total interest
$187,325
Paid off in
November 2056
Includes $2,239 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,400 a month
Your payment · 27%
Tight
$1,400 to $1,800 a month
Hard
more than $1,800 a month
Compared with the typical household income in Newark ($60,006 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$882
Property tax
$343
Home insurance
$55
FHA mortgage insurance (MIP)
$59
You need at least $4,641 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,338; principal and interest $882.
The city and its county
Newark and Wayne County
Newark is in Wayne County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Newark
Map of Wayne County, New York, with Newark marked. Around it, the neighboring counties.
Newark
Wayne County
Other cities with a page
Newark's own numbers
Typical home value
$132,600
Typical monthly rent
$979
Typical yearly household income
$60,006
Households that own their home
61%
Effective property tax rate
3.1%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wayne County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,416
Price change over 5 years (FHFA)
+66%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wayne County.
A typical home in Newark is worth $132,600: 22% below the county and 69% below New York. With the typical household income in Newark ($60,006 a year), a typical home costs 2.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Newark2.2 years
Wayne2.3 years
New York4.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wayne County
According to FHFA’s house price index, home prices in Wayne County rose 105% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wayne County.
Yearly change in FHFA’s price index in Wayne County, 2016 to 2025
2016: +1.4% +1.4% 2016
2017: +3.7% +3.7% 2017
2018: +5.3% +5.3% 2018
2019: +4.8% +4.8% 2019
2020: +6.5% +6.5% 2020
2021: +11.1% +11.1% 2021
2022: +15.8% +15.8% 2022
2023: +13.1% +13.1% 2023
2024: +9.3% +9.3% 2024
2025: +4.7% +4.7% 2025
Change in FHFA’s price index in Wayne County, New York and the United States
Period
County
New York
U.S.
Last year (2025)
+4.7%
+6.0%
+2.9%
5 years (2020–2025)
+66%
+52%
+47%
10 years (2015–2025)
+105%
+86%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Newark next to Wayne County, New York and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Newark$132,600
Wayne$170,000
New York$423,800
United States$332,700
Typical monthly rent
Newark$979
Wayne$938
New York$1,621
United States$1,413
Typical yearly household income
Newark$60,006
Wayne$74,506
New York$85,974
United States$80,734
See the full table
Newark next to Wayne County and New York
Measure
Newark
Wayne County
New York
U.S.
Typical home value
$132,600 ▼22% below the county
$170,000
$423,800
$332,700
Typical monthly rent
$979 ▲4% above the county
$938
$1,621
$1,413
Typical yearly household income
$60,006 ▼19% below the county
$74,506
$85,974
$80,734
Households that own their home
61% ▼19 points below the county
80%
54%
65%
Typical yearly property tax
$4,106 ▼3% below the county
$4,250
$6,582
$3,119
Effective property tax rate
3.1% ▲0.6 points above the county
2.5%
1.55%
0.94%
Renters with high rent for their income
51% ▲6 points above the county
45%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wayne County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Newark
For a typical $132,600 home in Newark, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Newark's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,338a month
Least cash to close
Down payment
$4,641
Cash to close
$8,619
Rate
7.18%
Mortgage insurance
FHA MIP · $59
Conventional, 5% down$1,314a month
Down payment
$6,630
Cash to close
$10,608
Rate
7.18%
Mortgage insurance
PMI · $63
Conventional, 20% down, no PMI$1,116a month
Down payment
$26,520
Cash to close
$30,498
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,239a month
Down payment
$19,890
Cash to close
$23,868
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Newark
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,338
$4,641
$130,198
7.18%
FHA MIP · $59
$8,619
580
Conventional, 5% down
$1,314
$6,630
$125,970
7.18%
PMI · $63
$10,608
620*
Conventional, 20% down, no PMI
$1,116
$26,520
$106,080
7.18%
None
$30,498
620*
ITIN, 15% down (example)
$1,239
$19,890
$112,710
8.18%
None
$23,868
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Newark is $979 a month: 4% above the county. In Newark, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Wayne County, by unit size. To pay the 2-bedroom one ($1,416 a month) without spending more than 30% of your income, you would need to earn $27.23 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wayne County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,005
$19.33
$40,200
1 bedroom
$1,131
$21.75
$45,240
2 bedrooms
$1,416
$27.23
$56,640
3 bedrooms
$1,706
$32.81
$68,240
4 bedrooms
$1,875
$36.06
$75,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Newark
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Newark is in ZIP code 14513.
For 2 bedrooms it is $1,420: $4 more than the fair market rent for Wayne County ($1,416).
Fair market rent by ZIP code and size in Newark, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
14513
$1,010
$1,140
$1,420
$1,710
$1,880
ZIP code2 bd3 bd
14513 $1,420$1,710
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Newark when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Wayne County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Newark or Wayne County. The ones below are statewide in New York: they work in Newark the same as in the rest of the state.
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York.Offered by State of New York Mortgage Agency (SONYMA).
SONYMA mortgage at a very low fixed rate for low-income first-time buyers in New York, with a minimal down payment.Offered by State of New York Mortgage Agency (SONYMA).
No legal help resource on our list is for Newark or Wayne County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Newark and all of Wayne County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Newark?
The typical home value in Newark is $132,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wayne County it is $170,000.
How much does it cost to rent in Newark?
Typical rent in Newark is $979 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wayne County is $1,416.
What is the FHA loan limit in Newark?
Newark uses the FHA limit for all of Wayne County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Newark?
The typical homeowner in Newark pays $4,106 a year, according to the U.S. Census Bureau. That is 3.1% of the home’s value; in Wayne County, the rate is 2.5%.
Where can I find free help to buy or rent in Newark?
We found no HUD-approved counseling agencies with an office in Wayne County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
