Newark, Delaware.
Typical home $363,803 (+0.8% in a year), asking rent $2,036 (+4.1%). Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro.
to buy the typical home at today's mortgage rate — +$999 (+110%) since Jan 2020.
- 1 year
- Up $2,899 +1%
- $360,904$363,803 since Sep 2025
- 5 years
- Up $73,680 +25%
- $290,123$363,803 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Newark$1,910
- Delaware$2,126
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Newark, DE rose 0.8% over the past year — slower than the nation's +1.2%.
Asking rents in Newark, DE rose 4.1% over the past year — faster than the nation's +2.7%.
Owning the typical home in Newark runs $478/mo more than renting one. The gap peaked at $580 in Oct 2023.
That is $2,514 a month against $2,036 rent: a $1,910 mortgage payment, plus $215 property tax and $389 insurance & upkeep.
Owning vs renting — Newark
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,514
- Renting$2,036
- Mortgage only$1,910
Property tax · $215/mo 0.71% of value a year — the ACS 2020-2024 median bill over the median home value for New Castle County, DE
Insurance & upkeep · $389/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Newark, New Castle County, Delaware
Newark is a city of 30,601 people in New Castle County. Half its households earn more than $76,912 a year and half less, against $91,166 across New Castle County; 28% of its people live below the poverty line. 51% of its homes are lived in by their owners and 49% are rented. Unemployment in Newark was 5.9% in August 2026, and New Castle County had 0.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Newark is a college town in New Castle County, and it is a young one: the typical resident is far younger than in most places, which fits a town built around the University of Delaware. Incomes run below the county's, and a good share of residents live below the poverty line, as is common where many students rent. Fewer than most places have homes lived in by their owners, and a large majority of adults hold a four-year degree. Winters are cold, with January highs near freezing and lows well below it, summers turn hot in July, and rain and melted snow fall in good measure through the year.
Work. Most residents work in schools, hospitals and social care, followed by restaurants, hotels and entertainment, shops, and professional and business services. The largest workplaces in Newark include DuPont Electronic Materials, Newark Charter School and the University of Delaware's food service contractors. Commutes are fairly short, and a good number of residents work from home. Unemployment has eased over the past year.
Things to do. In or beside town, the University of Delaware Botanic Gardens and the University Museums at the University of Delaware make easy outings, and White Clay Creek State Park, a protected area, is a short drive away. For a longer drive, the Winterthur Museum, Garden and Library is a botanical garden and museum, and the Brandywine Museum of Art is another good stop for art lovers.
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- 8,594households
- 58%of adults have a degree
- 28%below the poverty line
- 19 mintypical commute
- 19%work from home
What residents work in
Employed residents by industry, from the Census survey. New Castle County had 306,171 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 25°; warmest in July, with highs near 89° and lows near 66°. About 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Newark Ag Farm weather station, under a mile away (NOAA).
Largest workplaces in Newark
- DuPont Electronic MaterialsTapes, varnished and coated, made from purchased fabric805
- Newark Charter SchoolSchool district309FTE
- AramarkFood service contractors253
- The Vero at NewarkAssisted-living facilities without on-site nursing care facilities147
- William H PorterAutomobile dealers, new only or new and used130
- NewarkMail and parcel delivery128
- Acme MarketsSupermarkets and other grocery stores124
- AramarkFood service contractors120
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 25 workplaces with 20 or more staff, 2,783 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- Inland floodingRelatively high
- Cold wavesRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Newark’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on New Castle County and the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro.
Newark home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Newark$363,803
- Delaware$405,061
- United States$366,157
Sellers are cutting prices on about 1 in 4 Newark listings, and the typical home goes pending in 10 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Newark26.70%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Newark10
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Newark232
New listings per month
Sellers arriving at the market.
- Newark110
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Newark$350,269
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Newark94.82%
Zip codes with a Newark address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Newark — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Newark
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 19702 | Newark | 55,683 | $2,022 | $350,587 |
| 19711 | Newark | 49,432 | $2,028 | $424,206 |
| 19713 | Newark | 30,747 | $2,037 | $316,354 |