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Newark Valley

Learn about the people, housing, costs and businesses in Newark Valley, New York

Median Home$138,600
Median Rent$821/month
Population907
Leading IndustriesArts, Food & Hospitality · Transportation · Education8% arts, food & hospitality
Home Value Growth⬆⬆+16.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners86% of occupied units
NotableAffordable Market$139k median home · lower cost than 78% of the country
Newark Valley
NY

Frequently Asked Questions

What are today's mortgage rates in Newark Valley?

As of today, the 30-year fixed mortgage rate for Newark Valley is approximately 6.982% (7.024% 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 Valley?

The median home value in Newark Valley is $139k. The median monthly rent is $821. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newark Valley?

Home values in Newark Valley have increased 16.7% 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 Newark Valley?

Based on a typical all-in ownership cost of $936/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newark Valley is $81k/year.

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What industries drive the economy in Newark Valley?

The largest employment sectors in Newark Valley are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.