Newark, CA Real Estate
According to census data in the year 2000 there were 13,150 housing units in Newark.
This represents a 7% growth from 12,284 in 1990.
Of those housing units, 13,150 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newark is about 70.7%.
Newark's vacancy rate, including seasonal lodging, is about 1.2%.
Average household size is 3.26 people.
The majority of houses, apartments or condos in Newark were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 12% |
| Two Bedrooms | 20.60% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 21.60% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.13 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $303,700 |
| Median Price asked for vacant units | $318,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.58 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $1,075 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 12% |
| Home Equity Loan | 11.30% |
| Simple Mortgage | 61% |
| Debt Free | 15.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.2% |
