Newark, DE Real Estate

According to census data in the year 2000 there were 9,310 housing units in Newark. This represents a 18.4% growth from 7,860 in 1990.

Of those housing units, 9,310 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 54.7%. Newark's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Newark were built after 1969.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom18.80%
Two Bedrooms20.50%
Three Bedrooms27.10%
Four Bedrooms28.50%
Five Bedrooms or more3.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1968
Median Value of occupied units$153,300
Median Price asked for vacant units$74,800

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1970
Median Monthly Rent asked for vacant units$591

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8%
Home Equity Loan12.60%
Simple Mortgage54.80%
Debt Free24.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16%