Newark, OH Real Estate
According to census data in the year 2000 there were 20,668 housing units in Newark.
This represents a 9% growth from 18,967 in 1990.
Of those housing units, 20,562 were located in either urbanized areas or urban clusters, and 106 were located in what is classified as a rural area.
Homeownership rate in Newark is about 58.5%.
Newark's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Newark were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 14.50% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $85,200 |
| Median Price asked for vacant units | $78,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $391 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 48.60% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
