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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 Type2.70%
One Bedroom12%
Two Bedrooms20.60%
Three Bedrooms40.40%
Four Bedrooms21.60%
Five Bedrooms or more2.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.13
Median year structure was built1970
Median Value of occupied units$303,700
Median Price asked for vacant units$318,900

Rented Homes, Apartments and Condos

Average Household Size3.58
Median year structure was built1975
Median Monthly Rent asked for vacant units$1,075

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage12%
Home Equity Loan11.30%
Simple Mortgage61%
Debt Free15.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs23.2%