Newark, TX Real Estate
According to census data in the year 2000 there were 339 housing units in Newark.
This represents a 24.2% growth from 273 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 339 were located in what is classified as a rural area.
Homeownership rate in Newark is about 71.8%.
Newark's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Newark were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.80% |
| Two Bedrooms | 38.10% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $62,500 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.15 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $400 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 46.30% |
| Debt Free | 49.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
