Home prices
Newark's median home cost is $742,100. This is roughly $277,800 (27%) lower in comparison to its nearby areas.Compared to the entire country it is roughly $524,600 (241%) higher, and is roughly $355,700 (32%) lower compared to the city of San Francisco.
Rents
The median monthly rent in Newark is $2,277. This is roughly $181 (8%) higher in comparison to its surrounding areas.It is about $1,215 (114%) higher compared to the United States as a whole, and compared to the city of San Francisco it is approximately $382 (20%) higher.
Nearby places
Fremont
Fremont is Newark's neighbor to the east. Housing prices there are a little more expensive. The median home in Fremont costs $931,600, which works out to $189,500 (20%) higher than Newark. Rents there are pretty similar. The median monthly rent in Fremont is $2,345, which comes out to $68 (2%) higher than Newark.
Union City
Union City is about 5 miles north from Newark. Its housing prices are similar. The median home cost in Union City is $765,500, which works out to $23,400 (3%) higher than Newark. The rent there is pretty similar. The median monthly rent in Union City is $2,202, which works out to $75 (3%) lower than Newark.
East Palo Alto
East Palo Alto is approximately 6 miles southwest of Newark. Housing prices there are somewhat more expensive. The median home price in East Palo Alto is $821,200, which works out to $79,100 (9%) higher than Newark. The rent there is a bit less expensive. In East Palo Alto the median monthly rent is $1,766, which works out to $511 (28%) lower than Newark.
Menlo Park
Menlo Park is roughly 7 miles southwest of Newark. Its housing prices are significantly more expensive. The median home in Menlo Park is valued at $2,000,001, which comes out to $1,257,901 (62%) higher than Newark. Rent there is fairly similar. In Menlo Park the median rent is $2,341 a month, which comes out to $64 (2%) higher than Newark.
Hayward
Hayward is about 8 miles north from Newark. Its real estate prices are a little less expensive. The cost of the median home in Hayward is $581,200, which is $160,900 (27%) lower than Newark. The rent there is a bit less expensive. The median monthly rent in Hayward is $1,825, which comes out to $452 (24%) lower than Newark.
