Real Estate in Newark | Newark Homes For Sale
So you're going to be working in Manhattan and you need a less expensive place to buy your real estate. Real estate in Newark, NJ is more affordable than New York and the city is highly connected via road, rail, boat and airplane to not only New York but also to the other municipalities in the area. So if you can't complete your work via a business collaboration solution to avoid a commute, at least it's a relatively easy one! Let our Newark, NJ real estate agents tell you all about their fine city by giving this website a read through. It contains pages on housing, entertainment, jobs, health care, education and more, in short: everything you need to make an informed decision on whether to live there.
Newark, New Jersey: The Brick City
Newark is the county seat of Essex County, New Jersey, and is situated in the Passaic River Valley approximately 8 miles from Manhattan Island in New York City. To the west of Newark lie the suburbs in the Watchung Mountains while the city's eastern borders are defined by the Passiac River and Newark Bay. To the north lie industrial lands and to the south is the Staten Island borough of New York City. Newark is both the largest city in the state of New Jersey and the second most diverse with a population of 280,000 people of African, South American, European, Asian, and Caribbean descent.
The name Newark is a blending of the words "New" and "Ark" or "Work" which were meant to symbolize the new start the Connecticut Puritans got when they founded the city in 1666. As it grew, Newark, NJ became a center for industry and manufacturing, pioneering advances in patent leather, malleable iron, cellulite, and arc lamps. Newark has had some trouble with crime in the past, as it was ranked the most dangerous city in America in 1996. However, recent years have seen improvements in that regard, with the city dropping twenty places in the rankings in little more than ten years.
The economy of modern Newark, New Jersey has broadened to include the fifteenth busiest port facility in the world, banking, business, and insurance. It is home to seven hospitals and health care facilities, including a dedicated children's hospital, several major post-secondary education facilities including Rutgers University, and numerous museums and performing arts venues.
Neighborhoods and Home Styles in Newark, NJ
Newark, New Jersey is divided into five wards: North, South, East, West, and Central. It is in the North, West, and Central wards that most residential neighborhoods can be found, while industry, the airport, and the container port are the primary occupants of the East and South wards. Home styles vary widely even within wards, with modern condominium towers sometimes existing alongside historic Victorian homes or housing projects from the 1940s. There are even some examples of more exotic architectural styles, such as Beaux Arts and Gothic, though rarely in private homes.
The revitalization efforts in Newark, New Jersey are largely confined to downtown and the Lincoln Park neighborhood of the Central ward. These areas are being transformed into centers for green housing, particularly condos and town homes. Despite the city's size, suburban living can still be achieved in the outlying areas in the North ward like in the affluent Forest Hill neighborhood. Recent immigrants have made the Ironbound neighborhood in the East ward a success, while the Weequahic district in the South should be avoided due to poverty and crime.
Even though it is cheaper to live in Newark, NJ than in many of the surrounding areas, the high population density still makes the cost of living quite expensive, at 140.7 compared to the U.S. average of 100. Housing values are less inflated, with the average single family detached home selling for around $306,000. Condos and town houses range on average from $288,000 to $357,000, while renting brings an expected cost of about $845 per month on average.
Contact a Newark, NJ Real Estate Agent
If buying real estate in Newark sounds like a good idea to you, you're doubly lucky you stumbled across this website because it has the links to real estate agents you're going to need if you want to take the next step. Our realtors' names and contact information can be found on the contact page. We also encourage you to contact a real estate agent if you have any further questions about Newark, New Jersey or the housing market, as they will be only too happy to help you in any way they can.
