Newark city, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Newark city, Ohio rental market.
Newark city, Ohio
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Compared to a year ago, Newark city, Ohio apartments have recorded a 0% rent increase.
Newark city, Ohio |Median apartment rent trend
Newark city, Ohio| Average apartment rent by city
Newark city, Ohio | Apartment rent ranges
At 42.14%, apartments priced $500 - $700 represent the bulk of Newark city, Ohio rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 8.46%.
Newark city, Ohio | Housing tenure
Renters take up 45% of Newark city, Ohio real estate, occupying a total of 8,851 units, while homeowners live in 11,015 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Newark city, Ohio | Renter-occupied housing units by no. of bedrooms
There are 3,432 rentals in Newark city, Ohio with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 138 units. Overall, the median number of rooms in Newark city, Ohio homes for rent is 4.4.
Newark city, Ohio |Renter-occupied units by age of householder
Most condos for rent in Newark city, Ohio are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Newark city, Ohio | Renter-occupied housing units by family type
Newark city, Ohio | Renter-occupied housing units by the presence of own children
A total of 3,959 apartments for rent in Newark city, Ohio, or 45% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 2,841 units. All in all, the median size of a renter-occupied household in Newark city, Ohio is 2.26.
Newark city, Ohio | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Newark city, Ohio.
Newark city, Ohio | Renter-occupied units by year structure built
The highest share of Newark city, Ohio apartment rentals, namely 20% or 1,749 units, were built 1939 or earlier, followed by those built 1970 - 1979 (17%, 1,477 units), and the ones built 1960 - 1969 (16%, 1,391 units).
Newark city, Ohio | Renter-occupied units by year householder moved in
Median year renter moved into unit2013
Most Newark city, Ohio renters (50%) moved in 2010 to 2014, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Newark city, Ohio condos for rent is 2013.
Newark city, Ohio | Renter-occupied housing units by vehicles available
When it comes to transportation options, 52% of Newark city, Ohio renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 18% have no vehicle available.
Newark city, Ohio | Means of transportation to work of householders living in renter-occupied housing units
Newark city, Ohio |Geographical mobility in the past year for householders living in renter-occupies housing units
Newark city, Ohio | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Newark city, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates