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In Newark there are 12,992 individual units of housing (the total of apartments, houses, and condos). As of 2000, the share of housing units in the city that were owner-occupied was 71%.
In Newark, 85% of housing units (exluding rentals) have a mortgage. About 23% of houses and condos in the city have a home equity loan or second mortgage.
Mortgage and interest rate quotes for the Newark area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 15% |
| With A Mortgage | 85% |
| First Mortgage Only | 62% |
| Second Mortgage or Home Equity Loan | 23% |
| Second Mortgage Only | 12% |
| Home Equity Loan Only | 11% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 23.2% |
| Median Real Estate Taxes (2000) | $2,056 |
| Category | Value |
|---|---|
| Total Occupied | 12,992 |
| 1-Person Households | 14% |
| 2-Person Households | 28% |
| 3-Person Households | 19% |
| 4-Person Households | 18% |
| 5-Person Households | 11% |
| 6-Person Households | 5% |
| 7+-Person Households | 5% |
| Category | Value |
|---|---|
| Median Year Built | 1971 |
| Median Year Built (Owner Occupied) | 1970 |
| Median Year Built (Renter Occupied) | 1975 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 80% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 18% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 1% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 2% |
| 1 Bedroom | 5% |
| 2 Bedrooms | 15% |
| 3 Bedrooms | 48% |
| 4 Bedrooms | 27% |
| 5+ Bedrooms | 4% |
Rate quotes from multiple lenders for the Newark area:
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Moving Traffic, Inc., operator of CityTownInfo.com, is not a broker or a lender, and all offers for loans or mortgages found on this site are made solely by the advertiser.
