NEWARK HOUSING MARKET INFORMATION With 46,929 people, 15,184 houses or apartments, and a median cost of homes of $1,315,037, Newark house prices are not only among the most expensive in California, Newark real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in Newark, accounting for 68.20% of the city's housing units. Other types of housing that are prevalent in Newark include large apartment complexes or high rise apartments ( 13.61%), row houses and other attached homes ( 12.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.87%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newark. Owner-occupied housing accounts for 69.48% of Newark's homes, and 70.78% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Newark built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newark built between 1940-1969 ( 37.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.32%). There's also some housing in Newark built before 1939 ( 2.84%). NEWARK HOME APPRECIATION RATES Appreciation rates for homes in Newark have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 108.85%, which ranks in the top 30% nationwide. This equates to an annual average Newark house appreciation rate of 7.64%. Over the last year, Newark appreciation rates have trailed the rest of the nation. In the last twelve months, Newark's appreciation rate has been 3.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Newark were at -0.78%, which equates to an annual appreciation rate of -3.08%. Notably, Newark's appreciation rate in the latest quarter is one of the lowest in America. Relative to California, our data show that Newark's latest annual appreciation rate is lower than 70% of the other cities and towns in California. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newark differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Newark - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newark real estate investment or home purchase decisions.