Home prices
The median home in Newark costs $583,300. It is roughly $356,780 (157%) higher compared to nearby areas.It is about $365,800 (168%) higher compared to the rest of the country, and is roughly $424,600 (267%) higher compared to the city of Salisbury.
Rents
In Newark the median monthly rent is $1,595. Compared to other places in this area it is roughly $491 (44%) higher.It is about $533 (50%) higher compared to the country as a whole, and in comparison to the city of Salisbury is approximately $538 (50%) higher.
Nearby places
Berlin
Berlin is roughly 4 miles northeast of Newark. Real estate prices there are a lot less expensive. The value of the median home in Berlin is $252,700, which is $330,600 (130%) lower than Newark. Its rents are a lot less expensive. Berlin's median monthly rent is $947, which works out to $648 (68%) lower than Newark.
Willards
Willards is roughly 8 miles northwest of Newark. Its housing prices are significantly less expensive. The median home price in Willards is $137,800, which comes out to $445,500 (323%) lower than Newark. Rent there is a lot less expensive. The median rent in Willards is $982 a month, which is $613 (62%) lower than Newark.
West Ocean City
West Ocean City is roughly 9 miles northeast of Newark. The housing prices there are substantially less expensive. The median home value in West Ocean City is $307,800, which is $275,500 (89%) lower than Newark. Rents there are somewhat less expensive. West Ocean City's median monthly rent is $1,245, which comes out to $350 (28%) lower than Newark.
Ocean Pines
Ocean Pines is approximately 9 miles northeast from Newark. Its housing prices are a lot less expensive. The median home in Ocean Pines is valued at $278,600, which comes out to $304,700 (109%) lower than Newark. Rent there is somewhat less expensive. In Ocean Pines the median rent is $1,480 per month, which is $115 (7%) lower than Newark.
Snow Hill
Snow Hill is approximately 9 miles southwest from Newark. Its real estate prices are a lot less expensive. Snow Hill's median home cost is $155,700, which works out to $427,600 (274%) lower than Newark. Its rents are substantially less expensive. In Snow Hill the median monthly rent is $865, which comes out to $730 (84%) lower than Newark.
