Newark, Delaware is a moderately-sized city with a population of 32,941 people. Newark has a population density of 3,584 people per square mile. This would be considered well above the national population density level. At 79%, the majority of the Newark population is White; this is followed by 9% Black and 8% Asian. If you are a young adult or student, you might be pleased to know that the average age of all Newark residents is 24. If finding a family friendly city is important to you, look no further. With more than 83% of the population considered married and 70% with kids under the age of 18, Newark could be considered a very suitable city for families.
Living in Newark can be a great experience for anyone moving to the town. Having said that, in the state of Delaware, there are many desirable places to live, so choose wisely! The best areas in Newark and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Delaware and national averages.
Using data and statistics Newark has received a livability score of 69/100. This score is ranked in the 60th percentile when compared to all other cities. Based on the scores for each individual category, Newark has received high marks for amenities (A+). Newark does not score well for the following: cost of living (F) and housing (F). It might be wise to take a closer look at each category to find out why.
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Newark has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: Glasgow Park, White Clay Creek State Park, and Christiana Mall.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Newark is actually affordable. The median home price for Newark homes is $270,700, which is 16.1% higher than the Delaware average. If we take a closer look at the affordability of homes in Newark, we’ll see that the home price to income ratio is 4.9, which is 28.9% higher than the Delaware average. Year over year appreciation rates for homes in the Newark area were 4.3% and the 5 year appreciation rates came in at 5.4%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.