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Newark

Learn about the people, housing, costs and businesses in Newark, Missouri

Median Home$157,600
Median Rent$681/month
Population46
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade35% construction
Retirees25% of residentsabove average nationally
Homeowners93% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$158k median home · lower cost than 71% of the country
Newark
MO

Frequently Asked Questions

What are today's mortgage rates in Newark?

As of today, the 30-year fixed mortgage rate for Newark is approximately 7.046% (7.087% 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 $158k. The median monthly rent is $681. Annual property taxes average $1k. 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 $870/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newark is $70k/year.

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What industries drive the economy in Newark?

The largest employment sectors in Newark are agriculture and mining (35%) and construction (35%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.