East Newark New Jersey Area Home Supply Charts

This page looks at a variety of East Newark New Jersey housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. East Newark depicts it has a Housing Units of 933 which is the smallest in order of housing units of all the other places in the metropolitan area.

Figure 2 illustrates the housing density in the East Newark housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) East Newark shows it has a Housing Density of 9116.8 which is the highest of all places in the greater East Newark region. Comparing housing density to the United States average of 39.5, East Newark is very much bigger. Also, versus the state of New Jersey, housing density of 508.3, East Newark is considerably bigger.

In Figure 4, East Newark area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. East Newark depicts it has a Housing Unit Change of 17.5% which is the second most housing units of all the places in the greater East Newark region. The city with the highest change in the housing units in the area is Harrison which depicts a housing units of 61.4% (approximately 3.5 times bigger). Comparing change in the housing units to the United States average of 7.4%, East Newark is approximately 2.4 times bigger. Also, in comparison with the state of New Jersey, change in the housing units of 5.2%, East Newark is approximately 3.4 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) East Newark depicts it has a Renter Percent of 67.0% which is in the mid point range of other places in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 33.0% which is in the mid range of other places in the local area.

East Newark New Jersey Home Cost Charts

Looking at the housing data provided in Figure 7, the average East Newark home price is illustrated for this community and a useful analysis of affordable housing. East Newark depicts it has a Median Home Value of $303,400 which is less than most other places in the local area. The city with the highest median home price in the area is North Arlington which shows a home price of $388,100 (27.9% larger). Figure 8 provides aggregate comparative data for the East Newark New Jersey metro area in terms of the median housing rental rate, apartment rent, etc. East Newark depicts it has a Median Gross Rent of $1,321 which is less than most other places in the greater region. The city with the highest rental rates in the area is Harrison which shows a rental rates of $1,761 (33.3% larger). Comparing rental rates to the United States average of $1,163, East Newark is 13.6% larger. Also, in comparison with the state of New Jersey, rental rates of $1,436, East Newark is about 8.7% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. East Newark has one of the largest proportions of home price worth between $100,000 to $200,000 at 35% of the total and is ranked #2. The only larger city being East Orange with 36%. Second, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 2% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 2% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 2% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. East Newark shows it has a Median Owner Cost of $2,191 which is the second most median ownership cost of all the places in the greater East Newark region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the East Newark metro area. it has a Owner Cost as % of HH Income of 26% which is less than most other places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. East Newark depicts it has a Median Home Value as Percent of Median Earnings of 750% which is more than all other places in the greater East Newark region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) East Newark shows it has a Median Owner Costs-With Mortgage of $2,886 which is the third most median housing cost of all other places in the greater East Newark region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $1,039 which is the second smallest in terms of median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. East Newark has the largest proportion of owner cost between $300 and $500 at 4% of the total and is ranked #1. Second, it has the largest proportion of owner cost between $3,000 and $3,500 at 20% of the total and is ranked #1. Third, it has the second smallest when ranked by owner cost less than $300 of all the other places in the greater region as measured by owner cost between $3,500 and $4,000 at 4% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) East Newark depicts it has a % of Income Owner Costs-With Mortgage of 28% which is less than most other places in the local area. The city with the highest cost as a percent of household income in the area is Silver Lake CDP-Essex County which depicts a cost as a percent of household income of 51% (79.6% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. East Newark depicts it has a % of Income Owner Costs-No Mortgage of 19% which is in the middle range of other places in the local area. The city with the highest cost as a percent of household income in the area is Newark which shows a cost as a percent of household income of 24% (24.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) East Newark has the percentage of rent as a percent of income is less than 10 pct in the mid range of other places in the local area at 20% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 27% of the total and is ranked #2. The only larger city being East Orange with 28%. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #1. Also, it has the smallest proportion of rent as a percent of income is between 30pct to 40pct at 6% of the total. In addition, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 27% of the total and is ranked #3. Only #2 Newark (30%), and #1 Silver Lake CDP-Essex County (40%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. East Newark has the largest proportion of housing cost between $700 and $1,000 at 43% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $1,500 and $2,000 at 6% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $7,745 which is the second smallest when ranked by median real estate taxes paid of all the other places in the local area. The city with the highest median real estate taxes paid in the area is Kearny which depicts a taxes paid of $10,001 (29.1% larger). Comparing median real estate taxes paid to the United States average of $2,690, East Newark is approximately 2.9 times bigger. Also, in contrast to the state of New Jersey, median real estate taxes paid of $8,797, East Newark is about 13.6% smaller.

Figure 22 shows the percentage of renters who pay for utilities in East Newark New Jersey. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. East Newark has the percentage of pay extra for utilities less than most other places in the local area at 5% of the total.

Figure 23 shows the rental rate distribution for this area. East Newark New Jersey has the largest proportion of rent between 750 and 1000 dollars at 54% of the total and is ranked #1. Second, it has less than most other places in the metro area when ranked by rent between 1000 and 1500 dollars at 30% of the total.

East Newark New Jersey Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. East Newark has one of the largest proportions of With mortgage at 62% of the total and is ranked #3. Only #2 Newark (63%), and #1 East Orange (67%) are larger. Second, it has the smallest proportion of No 2nd Mortgage or HELOC at 4% of the total. Third, it has less than most other places in the local area when ranked by With HELOC no Primary Mortgage at 34% of the total.

East Newark New Jersey Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is in the center range of other places in the greater region. The city with the highest family members per housing unit in the area is Silver Lake CDP-Essex County which depicts a family members per housing unit of 3.8 (10.4% larger). Comparing family members per housing unit to the United States average of 3.3, East Newark is only about 3.9% larger. Also, benchmarked against the state of New Jersey, family members per housing unit of 3.3, East Newark is only about 3.2% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.7 which is the third most of all other places in the greater region. The city with the highest average number of rooms in a house in the area is North Arlington which depicts an average number of rooms in a house of 5.2 (10.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1948 which is the second smallest when sorted by year built of all the other places in the greater region. The city with the highest year built in the area is Harrison which shows a year built of 1976 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 9% of the total and is ranked #2. The only larger city being Harrison with 29%. Second, it has one of the largest proportions of homes built between 2010 to 2019 at 8% of the total and is ranked #3. Only #2 Silver Lake CDP-Essex County (9%), and #1 Newark (12%) are larger. Third, it has the smallest proportion of homes built between 1990 to 1999 at 1% of the total. Also, it has the largest proportion of homes built between 1980 to 1989 at 15% of the total and is ranked #1. In addition, it has the smallest proportion of homes built between 1970 to 1979 at 8% of the total. Furthermore, it has the smallest proportion of homes built between 1960 to 1969 at 7% of the total. Next it has the largest proportion of homes built between 1940 to 1949 at 44% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 592 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 41% of the total and is ranked #1. Second, it has the largest proportion of 2 units at 35% of the total and is ranked #1. Third, it has the second smallest as measured by one unit detached of all the other places in the local area in order of 10 to 19 units at 2% of the total. Also, it has less than most other places in the surrounding region when sorted by 20 to 49 units at 4% of the total. In addition, it has the largest proportion of 50 or more units at 1% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1960 to 1969 at $366,700 of the total and is ranked #3. Only #2 North Arlington ($404,200), and #1 Harrison ($410,800) are larger. Second, it has less than most other places in the local area in order of value of homes built 1950 to 1959 at $289,700 of the total. Third, it has the second smallest when ranked by value of homes built 2014 or later of all the other places in the local area as measured by value of homes built 1940 to 1949 at $270,500 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for East Newark residents. it has a Owner-Household Size of 3.3 which is the second most of all the places in the local area. The city with the highest homeowner household size in the area is Silver Lake CDP-Essex County which depicts a homeowner household size of 3.5 (only about 5.5% larger).

Figure 37 shows the household size for renters. East Newark shows it has a Renter-Household Size of 3.5 which is ranked #1 of all places in the greater East Newark region. Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2019 or later at 2% of the total. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 28% of the total. Third, it has the largest proportion of owners moved in 2000 to 2009 at 27% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. East Newark has the smallest proportion of renters moved in 2019 or later at 12% of the total. Second, it has the largest proportion of renters moved in 2010 to 2014 at 27% of the total and is ranked #1. Third, it has the largest proportion of renters moved in 2000 to 2009 at 11% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2000 which is the smallest as measured by median year that a home owner moved in of all the other places in the area. Figure 41 compares the median year that renters moved into their home. East Newark depicts it has a Renter Median Year Moved In of 2011 which is the smallest as measured by median year that a renter moved in of all the other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 6% of the total.