Newark, NY Real Estate
According to census data in the year 2000 there were 4,075 housing units in Newark.
This represents a 3% growth from 3,955 in 1990.
Of those housing units, 4,075 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 55.6%.
Newark's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Newark were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 16.80% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 35.10% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $71,800 |
| Median Price asked for vacant units | $76,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $414 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 43.10% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.9% |
