$501,108Average Value$337Average Price per Sq Ft5Homes For Sale
Access, natural beauty, and a sense of growth
Against the scenic backdrop of the Passaic River, Newark has seen quite a bit of change since Puritan settlers first arrived. To this day, Newark – especially Downtown Newark – is still seeing change. “There have been some issues with crime in the past,” says Ami Cruz, real estate agent with eXp Realty and longtime resident of the area. “But that’s something that’s really changed recently, and continues to do so – and Newark has always been a convenient place to live.” Now home to Prudential Financials’ headquarters, federal agencies and many of the city’s main cultural venues, residents of the area enjoy an urban lifestyle.
Multicultural offerings in Downtown Newark
“It’s very much a center of business,” says Cruz. “But the downtown is within reach of a lot of cool restaurants and shopping centers too.” Halsey Street features a number of options, including Taino's Kitchen Downtown. Deluxe Diner is “one of the most well-known diners in the entire state,” says Cruz, and offers visitors an authentic old-school experience. Newark Local Beer serves up, as the name suggests, local brews from the Garden State. Whole Foods Market provides a convenient spot for picking up groceries, while Broad and Market streets – closer to Rutgers University – offer unique boutique shops. Nearby Ironbound is home to a variety of Portuguese restaurants such as Taste of Portugal and is also home to the town’s annual Portuguese Day festival. "There's a lot of people coming into Newark, and it's leading to a lot of new culture and a sort of renewed personality," says Cruz. "It's already changed a lot and I'm excited to see how it will be in a few years' time."
Taino's Kitchen in Downtown Newark serves authentic Puerto Rican cuisine.
Newark comes alive with Portuguese pride on Portugal Day!
Tribos Peri Peri Chicken in Downtown Newark serves halal meats and delicious vegetarian dishes.
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A variety of styles, old and new
While very urban in nature, Downtown Newark can still offer more space than neighboring New York City – and often, at a lower price. “The thing about Newark is that it’s always been pretty affordable,” says Cruz. “That is starting to change though – people are realizing how much they can get for the price, and prices are starting to climb as a result.” The neighborhood features many apartment complexes and office buildings, with single-family housing relatively sparse. What single-family housing is available typically comes in traditional styles, such as colonial. Multi-family homes are also found throughout the area. Single-family prices range from $250,000 to around $1 million, while condominiums and townhouses range from $225,000 to $565,000. The area earns a CAP Index crime score of 6 out of 10. The national average is 4. In recent years, crime rates have lowered thanks to increased patrols and community initiatives such as neighborhood watches.
A majority of homes in Downtown Newark, are multi-family home-styles.
A colonial home stands nestled between its neighbors on a residential street in Downtown Newark.
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Inside or outside, plenty of opportunity for fun
Downtown Newark’s abundance of cultural and artistic venues makes for a lively neighborhood. Wedged between downtown’s tall buildings, Military Park’s triangular-shaped field features a massive war memorial and provides space for residents to play sports. Locals can enjoy The Newark Museum of Art’s diverse displays or catch a show at the New Jersey Performing Arts Center, which hosts everything from concerts to comedy shows. Sports fans can watch the New Jersey Devils play hockey at the nearby Prudential Center. Those looking to explore the historic side of Newark can do so on Market Street, home to a number of famous buildings - some of which have been featured in Hollywood films.
The Iron Man, a giant hockey player sculpture, honors Newark's sports culture.
The New Jersey Performing Arts Center in Downtown Newark hosts diverse events all year long.
Newark comes alive with Portuguese pride on Portugal Day!
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Get around easily
Located about 10 miles from the heart of Jersey City and about 15 miles from Lower Manhattan, the neighborhood’s location and access to major highways such as Interstate 287 and Garden State Parkway make commuting straightforward. Newark Penn Station is located within the neighborhood itself, allowing travelers to reach Downtown New York within 20 minutes on the PATH train. The area is also home to several bus stops throughout. “There’s really no shortage of public transportation,” says Cruz. “It’s a great spot for commuting up to New York, and it’s getting more and more popular for just that reason.”
Modern classrooms and cutting edge tech at Central High
Downtown Newark offers a diverse range of schools and includes a number of charter schools. In terms of standard public options, students can begin at Oliver Street School – which serves prekindergarten through eighth grade and earns a C from Niche. Central High School earns a C-plus and features state-of-the-art lab equipment and modern classrooms that support its STEM program.
Oliver Street School provides a warm and welcoming environment for all students.
Central High School prepares students for a successful future.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Julio Gallardo,
an experienced agent in this neighborhood.
Parks in this Area
Peter Francisco Park
Military Park
Trails
Events
Parking Lot
Concourse Hill Welcome Pavilion
Ivy Hill Park
Trails
Playground
Essex County Riverfront Park
Kiyofumi Sakaguchi Memorial Grove
Lincoln Park
Events
Multi-Purpose Field
Branch Brook Park
Baseball/Softball
Basketball
Bike Trails
Branch Brook Park
Transit
Airport
Newark Liberty International
9 min drive
Subway
Washington Street
Subway
Military Park
Subway
Atlantic Street
Subway
Njpac/Center Street
Subway
Riverfront Stadium
Subway
Washington Park
Bus
Sarah Vaughan Way 90' W Of Park Pl.
Bus
Mulberry St & Clinton St
Bus
Washington St & Market St
Bus
Broad St & Lombardy St
Bus
Washington St & Washington Pl
Bus
Broad St Across From Njt Station
Bus
Broad St & Central Ave
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Newark
US
Homicide
6
4
Sexual Assault
8
4
Assault with Weapon
8
4
Robbery
10
4
Burglary
9
4
Motor Vehicle Theft
8
4
Larceny
10
4
Crime Score
9
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Downtown Newark, Newark sell after 34 days on the market compared to the national average of 47 days. The average sale price for homes in Downtown Newark, Newark over the last 12 months is $328,086, down 9% from the average home sale price over the previous 12 months.
OPEN HOUSE: April 5th, 2:00 p.m. to 4:00 p.m. & April 6th, 1:00 p.m. to 5:00 p.m. - Live in a Rare Gem! "Victoria" A magnificent 1890 3,648 sq ft, Victorian Brownstone! 7 bedrooms, 3 bathrooms, 10 preserved fireplaces, and expansive rooms with intricate woodwork and soaring ceilings. Stunning Historical Townhouse in the heart of Newark's Art District, steps to The Newark Museum of Arts, Audible
LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is ideal for builders and investors looking to capitalize on one of the most desirable commercial streets in the city. The property is currently home to a Crown Fried Chicken (owned by the seller) and a nail salon, which generates $4,000 per month in rental income. However, the property
Discover the perfect blend of comfort and city living at Renaissance Towers! This pet-friendly 3-bedroom, 2-bathroom condo offers modern updates and fantastic amenities right in downtown Newark.Walk into an open concept space featuring high ceilings with recessed lighting, stunning kitchen with a large center island, high-end cabinetry, and sleek granite countertops all recently updated. The
Rare Opportunity to own a fully BRICK 4 family home!!! HOT location on the border of Downtown Newark and the Ironbound section!Each floor of the 4 floors, features a spacious 2 bedroom, 1 bath, kitchen/Livingroom per floor. Plus an unfinished basement with a newer gas boiler for the hot, and 4 hot water tanks. Separate electric and cooking gas. All 4 apartments have been renovated within the past
A symbol of Newark downtown revival, One Theater Square is a brand-new, 22-story tower with sweeping city views and a dynamic location. Each spacious, one-, two-, and three-bedroom apartment features must-have details like soaring ceilings, over-sized windows and hardwood floors. Amenities include 24-hour concierge services, a beautiful demonstration kitchen with fireplace and an outdoor terrace
Beautiful, Condo in the heart of Downtown Newark adjacent to Prudential Center. The unit located blocks from Newark Penn Station. Nearby schools include Seton Hall Law and Rutgers. This spacious condo has 2 doors that exit & enter the unit. Also 2 bedrooms 1 bath with living / dining room combo and spacious kitchen with stainless steel stove, dishwasher, refrigerator, and microwave. This
Welcome to Indigo Residences, where innovation meets elegance in fully furnished homes designed for seamless, flexible living. Thoughtfully crafted with space-saving, multifunctional furniture, each unit transforms effortlessly from a cozy retreat to a productive workspace.More than just a place to live, Indigo is a hub for creativity and connection, offering versatile spaces perfect for
Interested in learning more about homes in this area?
Reach out to
Julio Gallardo,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
8,044
Median Age
37
Population Density
1 person/acre
Population under 18
20.5%
On par with the national average
23.8%
Population over 65
15.8%
On par with the national average
19.1%
Finances
Median Household Income
$47,905
Significantly below the national average
$71,702
Average Household Income
$74,079
Education and Workforce
High School Graduates
82.8%
College Graduates
42.7%
Above the national average
34.1%
Advanced Degrees
20.4%
Above the national average
13.3%
% Population in Labor Force
61.6%
Weather
Annual Precipitation
46''
Average Winter Low Temperature
26°F
Average Summer High Temperature
86°F
Annual Snowfall
2''
Area Factors
Very Bikeable
Bike Score®
72/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
98/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
