Home Values in Newark, Delaware — 2026 Market Report
Updated March 2026 | Seller's Market | +2.2% YoY
The median home value in Newark, Delaware is $295,000 as of March 2026, which is below the national median of $400,000. Home values in Newark have increased by 2.2% over the past year and 11.5% over the last five years. With a population of 33,398 and a median household income of $55,250, the price-to-income ratio stands at 5.3x, making Newark affordable for the average household.
Newark Housing Market Conditions
| Metric | Newark | National Avg |
|---|---|---|
| Median Home Value | $295,000 | $400,000 |
| YoY Appreciation | +2.2% | +3.8% |
| 5-Year Appreciation | +11.5% | +22.4% |
| Price per Sq Ft | $102 | $222 |
| Days on Market | 48 days | 45 days |
| Months of Supply | 1.7 | 3.5 |
| List-to-Sale Ratio | 102% | 98.5% |
| Monthly Homes Sold | 17 | — |
| Foreclosure Rate | 0.14% | 0.3% |
Home Value Trends in Newark
A homeowner who purchased at the median price of $264,574 five years ago in Newark would have gained approximately $30,426 in equity, representing a 11.5% return on investment. Over the past year alone, the typical homeowner gained $6,350 in home equity.
Affordability in Newark, DE
With a median household income of $55,250 and a median home price of $295,000, the price-to-income ratio in Newark is 5.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,523 compared to estimated monthly ownership costs of $1,539 gives a rent-vs-buy ratio of 1.01. In Newark, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Newark
The effective property tax rate in Delaware is 0.56%. On a home valued at $295,000, the estimated annual property tax bill is $1,652, or approximately $138/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Newark is 100.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Newark, DE?
The median home value in Newark, Delaware is $295,000 as of March 2026. Home values have changed +2.2% over the past year, with a 5-year appreciation of 11.5%.
Is Newark a buyer's or seller's market?
Newark is currently a seller's market with 1.7 months of housing supply. Homes spend an average of 48 days on market, and the list-to-sale price ratio is 102%. Low inventory gives sellers an advantage.
Are home values going up in Newark?
Yes, home values in Newark have increased by 2.2% over the past year. The 5-year appreciation rate is 11.5%, meaning a home worth $264,574 five years ago is now worth $295,000.
Is it better to rent or buy in Newark?
The average monthly rent in Newark is $1,523, while estimated monthly homeownership costs are approximately $1,539. The price-to-rent ratio is 16.1. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Delaware Cities
Related Resources
Disclaimer: Home value data for Newark, Delaware is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.