Newark, California Housing Market Prices
Newark Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 82% above the California median$1,183,219
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Median rent 36% above the California median$2,775
Housing Market Overview
| Metric | Newark | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,183,219 | $650,794 | $248,835 |
| Price Trend (Annual %) | 5.5% | 8.9% | 7.5% |
| Median Gross Rent | $2,775 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newark is about 82% higher than in California. Rent is about 36% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Newark, up about 5.5% and 5.9% a year respectively. Rent is changing faster.
Median rent in Newark rose about 68.4% between 2015 and 2024, from $1,648 to $2,775. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Newark.
Buying the median-priced home in Newark costs roughly 35.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newark. The price-to-rent ratio in California is about 26.6.
| Metric | Newark | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,183,219 | $650,794 | $248,835 |
| Median Household Income | $171,497 | $99,161 | $80,455 |
| Price-to-Income Ratio | 6.9 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newark rose about 165.6%, while median household income rose about 84.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Newark | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.1% | 51.7% | 58.5% |
| Rental Rate | 29.1% | 40.8% | 31.2% |
| Vacancy Rate | 4.8% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Newark has a homeownership rate of 66.1%, higher than the California average of 51.7%. Its housing vacancy rate is 4.8%, compared with 7.5% in California.
Housing Stock
| Metric | Newark | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.07 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Newark was built around 1979. On average, 3.1 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Newark, CA Housing Compared With Nearby Cities
Newark, CA is the smallest of the 4 cities compared here, 46,903 residents against a local median of 81,842. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Newark, CA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is homeownership, 14% above the local median at 69.4% against 60.8%. Newark, CA has the highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newark, CA | 46,903 | $1,183,219 #3/4 | $2,775 #3/4 | 69.4% #1/4 |
| Fremont, CA | 228,315 | $1,210,727 | $2,932 | 60.8% |
| Union City, CA | 67,563 | $799,193 | $2,710 | 65.4% |
| Mountain View, CA | 81,842 | $2,085,161 | $3,067 | 39.0% |
Frequently Asked Questions
Common questions about the housing market in Newark, California.
What is the median home price in Newark, California?
The median home price in Newark, California is $1,183,219, higher than the California average of $650,794.
What is the average home price in Newark, California?
The typical home price in Newark, California, reported as the median sale price, is $1,183,219. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Newark, California?
The median gross rent in Newark, California is $2,775 per month, higher than the California average of $2,036.
What was the median gross rent in Newark in 2020?
In 2020, the median gross rent in Newark, California was $2,366 per month.
What is the price-to-rent ratio in Newark, California?
The price-to-rent ratio in Newark, California is about 35.5, meaning it would take roughly 35.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newark.
Are home prices or rent rising faster in Newark, California?
Both home prices and rent are rising in Newark, up about 5.5% and 5.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Newark, California?
66.1% of households in Newark, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Newark, California?
The housing vacancy rate in Newark, California is 4.8%, lower than the California average of 7.5%.
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