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Newark

Learn about the people, housing, costs and businesses in Newark, West Virginia

Median Home$93,000
Median Rent$525/month
Population398
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration16% information & media
Family-Friendly27% of residentsabove average nationally
Homeowners90% of occupied units
NotableAffordable Market$93k median home · lower cost than 94% of the country
NotableVeteran Community11% of residents · top 9% nationally
Newark
WV

Frequently Asked Questions

What are today's mortgage rates in Newark?

As of today, the 30-year fixed mortgage rate for Newark is approximately 7.361% (7.413% 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 Newark?

The median home value in Newark is $93k. The median monthly rent is $525. Annual property taxes average $588. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $487/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newark is $50k/year.

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What industries drive the economy in Newark?

The largest employment sectors in Newark are public administration (26%) and information and media (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.