Newark NJ real estate: Newark New Jersey was founded by Puritans
in 1666. The city of Newark was held to strict adherance to the Puritan
rules until finally challenged by Colonel Josiah Ogden who harvested
his wheat on a Sunday. At this point, the church/state began to end
and the more modern form of government began to develop.
The population of Newark is approximately 273,600. Newark is 24 square
miles in land area.
Newark is 200 miles from Washington DC. The distance to the New Jersey
state capital is 46 miles.
Newark is positioned 40.72 degrees north of the equator and 74.17
degrees west of the prime meridian. Newark elevation is 0 to 273.4
feet above sea level. Average elevation is 55 feet above sea level.
The Newark NJ real estate market at a glance
Newark condos- $150,000 to $500,000
Newark homes single family - $200,000 and up
Newark duplexes and triplexes $250,000 to $600,000 these are usually
investment
Newark properties and not really located in "good" neighborhoods
Newark luxury homes $750,000 and up to over $6 million.
Newark investment property (including Newark commercial and land)
$250,000 - $100 million
Newark gated communities suburban - $700,000 - $5million+
Newark townhomes range from $180,000 and up
Newark ranches found in rural areas $300,000 - $2 million
Newark commercial real estate (found in urban, suburban, and rural
areas) $150k - 100 million+