The third-oldest city in the country, Newark, New Jersey, is a major rail, air and shipping hub. Strategically located in the center of the Gateway Region of New Jersey and with a population of about 277,000, Newark is the largest city in the state and second-largest city in the metropolitan area of New Jersey. It is home to the largest container shipping terminal on the East Coast at Port Newark, as well as a major commercial airport, the Newark Liberty International Airport, which is among the busiest airports in the country. New Jersey is also home to numerous historical landmarks such as the Ballantine House, 80 Park Plaza, Cathedral Basilica of the Sacred Heart, and Ferry Street.
Check out 300 Newark, NJ rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Housing StatisticsNewark has an annual residential turnover rate of 21.29 percent. The median home sales price was $163,305 for the period of October to December 2012, while the average sales price for a property in Newark was $176,692. These statistics are based on the total number of 121 house sales transactions during this period. While 19.09 percent of the houses in Newark are presently owner-occupied, 67.23 percent are rent to own houses. 13.68 percent of the total number of homes in the community are available either for rent or for sale by the owner.
Local ShoppingShopping in Newark is best done on the busy streets of downtown Newark that feature a mix of chain retailers and small department stores. Popular among antique shoppers and those looking for limited-edition finds, Newark is a treasure chest of unique artifacts. Among the five major antique stores in Newark, Lost City Arts is a popular haunt of vintage furniture enthusiasts. If you're looking for one-of-a-kind antique housewares, Mood Indigo is the place to be. An antiques store that sells its wares flea-market style is Chelsea Antiques. Shopping here is an experience that must be tried. Newark is brimming with 20 or so independent and limited-edition bookstores that are popular with people of all ages.
Local SportsNewark has many opportunities for those interested in watching as well as participating in professional and amateur sports and recreational activities. The Newark Bears, the baseball team of Newark, is based out of the Bears Eagles Riverfront Stadium. Two collegiate baseball teams, NJIT Highlanders and Rutgers Newark Scarlet Raiders, are also based here. The Prudential Center, also known as the Rock, is home to the professional ice hockey team, the New Jersey Devils, who have three championships under their belt. For those looking to be active, they can head over to the Branch Brook Park Roller Skating Center.
Neighborhood GuideFrom the famous Portuguese dining options of the Ironbound neighborhood to the exquisite Victorian architecture in Forest Hill, Newark is made up of many neighborhoods, each with its own individual charm. A few neighborhoods are described below:
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