Median home value: $479K (+0.2% YoY). Rent: $2,143/mo. Price-to-rent: 18.6x. Part of New York-Newark-Jersey City, NY-NJ-PA.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$479,280
+0.2%
Rent$2,143/mo
AFFORDABILITYRenting $1,259/mo cheaper ($2,143 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Newark.
$95,856 on $479,280
Out of reach — 54.4% of income
Need $145,800/yr to afford.
PITI$3,402
P/I54.4%
Afford$247K
Gap-$233K
P&I $2,299Tax $987Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing