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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 18.80% |
| Two Bedrooms | 20.50% |
| Three Bedrooms | 27.10% |
| Four Bedrooms | 28.50% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $153,300 |
| Median Price asked for vacant units | $74,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $591 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8% |
| Home Equity Loan | 12.60% |
| Simple Mortgage | 54.80% |
| Debt Free | 24.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
