In Newark, a typical home is worth $192,300 and typical rent is $973 a month. Compared with all of Licking County, the typical home value is 30% lower, typical household income is 27% lower, and the share of households that own their home is 18 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $180,289 to $246,884.
Typical rent
$1,420a month
▲ 6.8% more than 12 months ago
Typical rent from Zillow, March 2022 to September 2026: from $1,051 to $1,420.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Newark is in Licking County. The FHA loan limit ($591,100 for a one-unit home), the fair market rents and the help on this page are those of all of Licking County. See the county
What this place has that others do not, from public data, most unusual first.
1
56% of households in Newark own their home, against 74% in Licking County.
2
The typical home in Newark is worth $192,300,30% less than in Licking County as a whole ($275,200).
3
The typical household income in Newark is $61,670,27% less than in Licking County as a whole ($84,426).
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
Licking County
Ohio
United States
Kind of home: Newark and its comparisons
Measure
Newark
Licking County
Ohio
United States
Detached house
67%
76%
69%
61%
Attached house
4%
3%
5%
6%
Building of 2 to 4
12%
7%
8%
8%
Apartments (5 or more)
16%
9%
15%
19%
Mobile home
Unreliable estimate
5%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Newark, but it weighs less than in Licking County: 67% against 76%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Newark
Licking County
Ohio
United States
Year built: Newark and its comparisons
Measure
Newark
Licking County
Ohio
United States
Before 1960
47%
26%
38%
26%
1960–1979
25%
24%
26%
24%
1980–1999
19%
25%
20%
25%
2000–2009
8%
16%
10%
14%
2010 or later
3%
8%
7%
11%
In Newark, half of the homes were built before 1963; in Licking County, before 1980.
Homes in Newark are smaller: 58% have 3 bedrooms or more; in Licking County, 72%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K14%
$100K–$200K39%
$200K–$300K28%
$300K–$500K15%
$500K–$750K3%
FHA limit: $591,100
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Newark and its comparisons
Measure
Newark
Under $100K
14%
$100K–$200K
39%
$200K–$300K
28%
$300K–$500K
15%
$500K–$750K
3%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
By price, most homes in Newark sit under the FHA limit for Licking County ($591,100): about 97%.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50010%
$500–$99944%
$1,000–$1,49934%
$1,500–$1,9999%
HUD fair market rent, 2 bedrooms: $1,602
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Newark and its comparisons
Measure
Newark
Under $500
10%
$500–$999
44%
$1,000–$1,499
34%
$1,500–$1,999
9%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
By rent, most homes in Newark cost less than HUD's 2-bedroom fair market rent ($1,602): about 89%.
With a mortgage
$1,285 a month
Licking County: $1,693 a month
Without a mortgage
$527 a month
Licking County: $631 a month
Owners with a mortgage
63%
Licking County: 65%
In Newark, 63% of owners have a mortgage, and their typical cost is $1,285 a month, against $1,693 in Licking County. Without one it drops to $527.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Newark+56%
Licking County+62%
Ohio+47%
United States+53%
Typical rent
Newark+25%
Licking County+27%
Ohio+28%
United States+33%
Typical household income
Newark+37%
Licking County+31%
Ohio+26%
United States+29%
Change since 2015–2019: Newark and its comparisons
Measure
Newark
Licking County
Ohio
United States
Typical home value
+56%
+62%
+47%
+53%
Typical rent
+25%
+27%
+28%
+33%
Typical household income
+37%
+31%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Newark rose 56%; in Licking County, it rose 62%.
The typical rent in Newark rose 25% since 2015–2019, about the same as in Licking County (27%).
To compare: typical income in Newark rose 37%; the home, +56%; the rent, +25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Newark and its comparisons
Measure
Newark
Licking County
Ohio
United States
Rental vacancy
4.8%
5.0%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
1.5%
1.9%
1.5%
3.4%
People per household
2.45
2.60
2.37
2.53
Drive alone
74%
73%
75%
69%
Carpool
10%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
3%
2%
2%
3%
Work from home
11%
16%
13%
15%
Other means
2%
1%
1%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Newark look like those in Licking County: the rental vacancy rate is 4.8%.
More than one person per room: that is how 1.5% of households in Newark live, near the figure in Licking County (1.9%).
Households in Newark are smaller: 2.45 people on average; in Licking County, 2.60.
To get to work, 74% of workers in Newark drive alone; in Licking County, 73%.
Do the math
What would you pay each month for a home in Newark?
A typical home is tight for the typical income
We start with a typical home in Newark, worth $192,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Newark, which is $61,670 a year. For that payment to be 28% of income, a household would need to earn about $69,041 a year.
The calculator's FHA and conventional loan limits are those of all of Licking 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 $6,731 (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
$1,611
at 7.18% · 30 years
Loan amount
$188,816
Total interest
$271,663
Paid off in
November 2056
Includes $3,247 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,439 a month
Tight
$1,439 to $1,850 a month
Your payment · 31%
Hard
more than $1,850 a month
Compared with the typical household income in Newark ($61,670 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,279
Property tax
$167
Home insurance
$80
FHA mortgage insurance (MIP)
$85
You need at least $6,731 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 $1,611; principal and interest $1,279.
The city and its county
Newark and Licking County
Newark is in Licking County, Ohio. 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 Licking County, Ohio, with Newark marked. Around it, the neighboring counties.
Newark
Licking County
Other cities with a page
Newark's own numbers
Typical home value
$192,300
Typical monthly rent
$973
Typical yearly household income
$61,670
Households that own their home
56%
Effective property tax rate
1.04%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Licking County
FHA limit, one-unit home
$591,100
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,602
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
3%
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 Licking County.
A typical home in Newark is worth $192,300: 30% below the county and 10% below Ohio. With the typical household income in Newark ($61,670 a year), a typical home costs 3.1 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.
Newark3.1 years
Licking3.3 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Licking County
According to FHFA’s house price index, home prices in Licking County rose 113% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Licking County.
Yearly change in FHFA’s price index in Licking County, 2016 to 2025
2016: +4.7% +4.7% 2016
2017: +6.8% +6.8% 2017
2018: +7.2% +7.2% 2018
2019: +5.4% +5.4% 2019
2020: +4.4% +4.4% 2020
2021: +12.8% +12.8% 2021
2022: +16.6% +16.6% 2022
2023: +10.2% +10.2% 2023
2024: +6.6% +6.6% 2024
2025: +4.3% +4.3% 2025
Change in FHFA’s price index in Licking County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+4.3%
+4.8%
+2.9%
5 years (2020–2025)
+61%
+53%
+47%
10 years (2015–2025)
+113%
+93%
+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 Licking County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Newark$192,300
Licking$275,200
Ohio$214,800
United States$332,700
Typical monthly rent
Newark$973
Licking$1,078
Ohio$1,034
United States$1,413
Typical yearly household income
Newark$61,670
Licking$84,426
Ohio$71,389
United States$80,734
See the full table
Newark next to Licking County and Ohio
Measure
Newark
Licking County
Ohio
U.S.
Typical home value
$192,300 ▼30% below the county
$275,200
$214,800
$332,700
Typical monthly rent
$973 ▼10% below the county
$1,078
$1,034
$1,413
Typical yearly household income
$61,670 ▼27% below the county
$84,426
$71,389
$80,734
Households that own their home
56% ▼18 points below the county
74%
67%
65%
Typical yearly property tax
$2,003 ▼40% below the county
$3,364
$2,822
$3,119
Effective property tax rate
1.04% ▼0.18 points below the county
1.22%
1.31%
0.94%
Renters with high rent for their income
41%
41%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Licking 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 $192,300 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$1,611a month
Least cash to close
Down payment
$6,731
Cash to close
$12,500
Rate
7.18%
Mortgage insurance
FHA MIP · $85
Conventional, 5% down$1,576a month
Down payment
$9,615
Cash to close
$15,384
Rate
7.18%
Mortgage insurance
PMI · $91
Conventional, 20% down, no PMI$1,289a month
Down payment
$38,460
Cash to close
$44,229
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,467a month
Down payment
$28,845
Cash to close
$34,614
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
$1,611
$6,731
$188,817
7.18%
FHA MIP · $85
$12,500
580
Conventional, 5% down
$1,576
$9,615
$182,685
7.18%
PMI · $91
$15,384
620*
Conventional, 20% down, no PMI
$1,289
$38,460
$153,840
7.18%
None
$44,229
620*
ITIN, 15% down (example)
$1,467
$28,845
$163,455
8.18%
None
$34,614
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 $973 a month: 10% below the county. In Newark, 41% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Licking County, by unit size. To pay the 2-bedroom one ($1,602 a month) without spending more than 30% of your income, you would need to earn $30.81 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 Licking County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,258
$24.19
$50,320
1 bedroom
$1,346
$25.88
$53,840
2 bedrooms
$1,602
$30.81
$64,080
3 bedrooms
$1,909
$36.71
$76,360
4 bedrooms
$2,172
$41.77
$86,880
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 43055.
For 2 bedrooms it is $1,250: $352 less than the fair market rent for Licking County ($1,602).
Fair market rent by ZIP code and size in Newark, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
43055
$980
$1,050
$1,250
$1,490
$1,690
ZIP code2 bd3 bd
43055 $1,250$1,490
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 Licking 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 Licking County. The ones below are statewide in Ohio: they work in Newark the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Newark or Licking 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 Licking 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 $192,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Licking County it is $275,200.
How much does it cost to rent in Newark?
Typical rent in Newark is $973 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Licking County is $1,602.
What is the FHA loan limit in Newark?
Newark uses the FHA limit for all of Licking County (2026): $591,100 for a one-unit home and $1,136,750 for a four-unit home.
How much property tax do owners pay in Newark?
The typical homeowner in Newark pays $2,003 a year, according to the U.S. Census Bureau. That is 1.04% of the home’s value; in Licking County, the rate is 1.22%.
Where can I find free help to buy or rent in Newark?
We found no HUD-approved counseling agencies with an office in Licking County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
