Houses for Sale in Newark, NJ
Newark is the most populous city in the state of New Jersey. It is a part of the New York Metropolitan Area, lying just 8 miles away from the Big Apple. Spread over an area of 26 sq miles, Newark boasts a population of 281,764 people. It is the major economic and cultural hub of New Jersey and known for its high quality educational institutions.
5 Wards having many diverse neighborhoods
Politically, Newark is divided into 5 wards namely East, West, North, South, and Central Wards. Each ward has a variety of housing options for buyers and boasting a fast-urban lifestyle or a quiet suburban lifestyle. Newark is home to the oldest county park of the country called Branch Brook Park famous for its thousands of cherry blossom trees.
A strong and vibrant economy
Newark has a strong and vibrant economy and it is considered the employment center of the state. Major sectors of its economy are healthcare, import export, finance, insurance, and governance. More than 1,000 law firms have their office in Newark as the city houses not just state and county but also federal court facilities. The city is the 3rd largest insurance hub of the country having offices of Prudential Finance, American Insurance Company, Fireman Insurance, and Mutual Benefit Life. Newark is part of Port Newark Elizabeth Marine Terminal, the 15th busiest port of the world.
A thriving art and culture scene
Newark has the largest museum in the whole of New Jersey. It is famous for its American and Tibet art collections. Newark Black Film Festival is sponsored by this museum. The city also houses Institute of Jazz Studies, the world’s most premier institute for Jazz studies and research. The city is famous for its numerous festivals and annual parades. The most notable among these are the Cherry Blossom Festival in April at Branch Brook Park, Lincoln Park Music Festival in July, and the Portugal Day Festival in June.
Home of many higher education institutions
If education for your kids is your concern as a parent, you can relax as Newark not only houses some of the best Universities, but also houses a large network of public schools. The best schools in Newark are served by Newark Public Schools district. The most popular High Schools are Science Park High School and Technology High School. In addition, there are also charter schools in Newark, among these The Gray Charter school and the North Star Academy Charter School.
Affordable to live with your family
Newark is relative a very affordable place to live and raise your family. Whether you choose to live in the North, South Ironbound, Downtown, Upper Vailsburg, Newark Airport, or Port Newark, Newark offers some of the lowest property taxes in the state of New Jersey. As far as Newark real estate prices are concerned, median home prices here are $222,100, while median household income here is $33,025. If you are interested in learning more about what Newark has to offer, it is prudent to talk to best realtor in Newark, agents that are familiar with the area and with what it has to offer, feel free to reach out to us for all your Newark real estate questions and needs. We can provide assistance in answering any questions you may have about the area and/or also help you find the right home inside your budget. We are also very familiar with foreclosures in Newark.