Welcome to our 19702 real estate data hub, tailored for investors in Newark, DE. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 19702 in Newark, DE. Discover Section 8 housing opportunities and challenges to maximize your investment potential in NEW CASTLE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Newark, DE real estate investing. Uncover the wealth of information available, and position yourself for success in the Newark property market.
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Location Overview
- Zip Code: 19702
- City: Newark
- State: DE
- Metro Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- County Name: NEW CASTLE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $317,634
- Average Home Price (Single Family Homes): $321,998
- Average Monthly Rental Price (All Types): $2,570
- Price-to-Rent Ratio: 10
- Zillow Projected % appreciation from 4/2023-4/2024: 1.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,650
- Average 3 Bedroom Section 8 Rental Rates: $2,010
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.04
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.17
- Number of Units Offered in Section 8 in the County: 3810
- Number of Occupied Units in Section 8 in the County: 3616
- Percentage of Section 8 Units Occupied in the County: 94.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 157.09
- Total % Appreciation since 2000 (Government Data): 123.86
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.33%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.59%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.4%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.07%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 71.88%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.6%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 90.42%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.54%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%