Much like other places in this area, it is a lot less expensive compared to the rest of the nation. However compared to the city of Rochester, it's somewhat more expensive.
Home prices
The price of the median home in Newark is $94,400. In comparison to its surrounding areas it is about $4,160 (4%) lower.It is about $123,100 (56%) lower compared to the United States as a whole, and compared to the city of Rochester it is about $11,300 (13%) higher.
Rents
The median monthly rent in Newark is $788. It is about $20 (2%) higher in comparison to other places in this area.In comparison to the rest of the country it is about $274 (25%) lower, and in comparison to the city of Rochester it is about $60 (7%) lower.
Nearby places
Lyons
Lyons is approximately 4 miles east of Newark. The real estate prices there are a bit less expensive. The median home in Lyons costs $75,900, which works out to $18,500 (24%) lower than Newark. Its rents are pretty similar. Lyons's median rent is $772 a month, which comes out to $16 (2%) lower than Newark.
Clifton Springs
Clifton Springs is roughly 5 miles south of Newark. The real estate prices there are somewhat more expensive. The median home in Clifton Springs costs $113,800, which is $19,400 (17%) higher than Newark. Rent there is a bit less expensive. The median monthly rent in Clifton Springs is $630, which comes out to $158 (25%) lower than Newark.
Phelps
Phelps is about 5 miles south from Newark. The real estate prices there are somewhat more expensive. The price of the median home in Phelps is $108,800, which works out to $14,400 (13%) higher than Newark. Rents there are similar. Phelps's median rent is $779 a month, which comes out to $9 (1%) lower than Newark.
Palmyra
Palmyra is about 6 miles west from Newark. Its real estate prices are somewhat more expensive. The median home value in Palmyra is $99,700, which works out to $5,300 (5%) higher than Newark. Rents there are pretty similar. In Palmyra the median monthly rent is $770, which is $18 (2%) lower than Newark.
Manchester
Manchester is approximately 7 miles southwest from Newark. The real estate prices there are fairly similar. The cost of the median home in Manchester is $94,600, which is very similar to Newark. The rent there is a little more expensive. The median monthly rent in Manchester is $888, which is $100 (11%) higher than Newark.
