Similar to the surrounding areas, it is significantly more expensive compared to the rest of the nation. However it is substantially less expensive compared to the city of New York.
Home prices
The median home in East Newark is valued at $299,700. This is roughly $10,920 (3%) higher compared to its surrounding areas.It is about $82,200 (37%) higher in comparison to the US as a whole, and compared to the city of New York is about $306,300 (50%) lower.
Rents
In East Newark the median monthly rent is $1,312. Compared to nearby areas it is roughly $64 (5%) higher.It is roughly $250 (23%) higher in comparison to the entire country, and it is about $131 (9%) lower compared to the city of New York.
Nearby places
Harrison
Harrison is East Newark's neighbor to the southeast. Real estate prices there are somewhat more expensive. The median home in Harrison is valued at $333,700, which works out to $34,000 (10%) higher than East Newark. Rents there are a little more expensive. The median monthly rent in Harrison is $1,504, which comes out to $192 (12%) higher than East Newark.
Newark
Newark is East Newark's neighbor to the south. Its real estate prices are somewhat less expensive. The median home in Newark costs $245,200, which comes out to $54,500 (22%) lower than East Newark. Rent there is somewhat less expensive. Newark's median rent is $1,085 a month, which is $227 (20%) lower than East Newark.
Kearny
Kearny is East Newark's neighbor to the east. Its housing prices are somewhat more expensive. The median home cost in Kearny is $333,100, which is $33,400 (10%) higher than East Newark. Rent there is similar. The median rent in Kearny is $1,304 a month, which is very similar to East Newark.
Silver Lake
Silver Lake is about 2 miles northwest from East Newark. Its real estate prices are pretty similar. The cost of the median home in Silver Lake is $312,600, which comes out to $12,900 (4%) higher than East Newark. Rents there are a little less expensive. The median rent in Silver Lake is $1,231 a month, which is $81 (6%) lower than East Newark.
East Orange
East Orange is about 2 miles northwest of East Newark. The real estate prices there are a lot less expensive. The value of the median home in East Orange is $219,300, which works out to $80,400 (36%) lower than East Newark. The rent there is a little less expensive. East Orange's median monthly rent is $1,114, which is $198 (17%) lower than East Newark.
