Newark, New Jersey

As of the year 2014, December, within a 10 mile span of Newark, $750 is the average multifamily housing rent.

$3,116 per month on average is what one bedroom apartment housing rents for in Newark and $3852 per month on average is what two bedroom apartment housing rents for.

Also, as of the year 2014, December, for the prior 6 months, the average multifamily housing rent has increased by $164.50 or 5%. One bedroom multifamily units have gone up by $163.50, or 5% and two bedroom multifamily units have gone up by $209 or 6%.

A source to get some information on the Newark multifamily market is New Jersey Apartment Association – http://www.njaa.com/

As of the year 2015, February 15, the median asking price per unit for apartment housing for sale in Newark is $239,012.21. This is a gain of 4.8% when compared to the prior 3 months and compared to the previous year’s prices, this is a gain of 11.3%.

Newark by population is the biggest city in New Jersey. Essex County has Newark as its county seat. Newark is known as one of America’s core shipping, air, and rail hubs. In the year 2010, 277,140 was its population. This gave it the distinction of being number 67 most populated city in America.

To look for Newark multifamily realty for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for another source to find out more about multifamily realty in Newark, go to http://www.biggerpockets.com/

Apartment Loan Store is proud to serve the entire Greater Newark area:

• Harrison
• Kearny
• East Orange
• Irvington
• Hillside
• Orange
• Belleville
• North Arlington
• South Orange
• Bloomfield
• Jersey City
• Elizabeth
• Union
• Bayonne
• West Orange