Newark, AR Real Estate
According to census data in the year 2000 there were 553 housing units in Newark.
This represents a 13.8% growth from 486 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 553 were located in what is classified as a rural area.
Homeownership rate in Newark is about 67.8%.
Newark's vacancy rate, including seasonal lodging, is about 11.8%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Newark were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 12.50% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 50.30% |
| Four Bedrooms | 5.10% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $49,000 |
| Median Price asked for vacant units | $40,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $263 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 3.60% |
| Simple Mortgage | 48.20% |
| Debt Free | 41.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
