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East Newark

Learn about the people, housing, costs and businesses in East Newark, New Jersey

Median Home$470,300
Median Rent$1,799/month
Population2,497
Leading IndustryTransportation4% of local workforce
Home Value Growth⬆⬆+13.9% over 2 years
Young Adults29% of residentsslightly above average
Renters71% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
East Newark
NJ

Frequently Asked Questions

What are today's mortgage rates in East Newark?

As of today, the 30-year fixed mortgage rate for East Newark is approximately 6.995% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Newark?

The median home value in East Newark is $470k. The median monthly rent is $1,799. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Newark?

Home values in East Newark have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Newark?

Based on a typical all-in ownership cost of $1,913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Newark is $49k/year.

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What industries drive the economy in East Newark?

The largest employment sectors in East Newark are public administration (18%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.