HomeNew JerseyEssex CountyNewark city
Newark city, New Jersey: commercial real estate data.
Newark city is a Census city of 310,178 people across 24.14 square miles of land, in Essex County. Median household income is $52,060, 24.4 percent of occupied homes are owned, and the SBA record carries 214 7(a) approvals to borrowers here worth $72.2 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Newark
What Newark is
- Census place typecity
- Land area24.14 sq mi
- Water area1.74 sq mi
- Population per square mile of land12,847
- County holding the largest share of its areaEssex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Newark
How many people live in Newark
- Population310,178
- Median age34.7
- Population under 1876,883
- Share under 1824.8 percent
- Population 65 and over33,507
- Share 65 and over10.8 percent
- Households113,384
- Family households69,452
- Share of households that are families61.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Newark
Income and work in Newark
- Median household income$52,060
- Per capita income$27,193
- Civilian labor force152,345
- Employed134,733
- Unemployed17,612
- Unemployment rate11.6 percent
- Adults 25 and over201,053
- Adults 25 and over with a high school diploma or higher78.3 percent
- Adults 25 and over with a bachelor degree or higher19.7 percent
- Adults 25 and over with a graduate degree6.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Newark
Housing in Newark
- Housing units121,546
- Occupied units113,384
- Vacant units8,162
- Vacancy rate6.7 percent
- Owner occupied27,664
- Renter occupied85,720
- Ownership rate24.4 percent
- Median owner-occupied home value$373,700
- Median gross rent, monthly$1,392
- Annual rent as a share of median income32.1 percent
- Single family units28,172
- Share single family23.2 percent
- Units in buildings of two or more93,070
- Share in buildings of two or more76.6 percent
- Mobile homes276 plus or minus 140
- Median year structure built1966
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Newark
How Newark gets to work
- Workers 16 and over who commute119,763
- Commuting under 15 minutes16,870
- Share commuting under 15 minutes14.1 percent
- Commuting 30 minutes or more60,711
- Share commuting 30 minutes or more50.7 percent
- Drove alone49.1 percent
- Carpooled11.4 percent
- Public transport19.3 percent
- Walked5.1 percent
- Worked from home7.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Newark
SBA loans in Newark (7(a))
- Approvals214
- Gross approval$72,164,700
- Average approval$337,218
- Median approval$100,000
- Ninetieth percentile approval$710,000
- Largest approval$3,950,000
- Jobs supported1,852
- Jobs per approval8.7
- Loans with a final outcome38
- Paid in full23
- Charged off15
- Charge-off rate over resolved loans39.5 percent
- Median term120 months
- Share on real estate terms of 20 years or more10.3 percent
- Share to franchises4.2 percent
- Distinct lenders47
- Distinct industries by NAICS106
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Newark
SBA loans in Newark (504)
- Approvals33
- Gross approval$44,591,000
- Average approval$1,351,242
- Median approval$939,000
- Largest approval$5,000,000
- Jobs supported439
- Loans with a final outcome8
- Charged off0
- Median term240 months
- Distinct CDCs6
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Essex County, not Newark
Essex County context, not Newark figures
These are Essex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Newark measurements.
- Establishments in Essex County19,392
- Employment at those establishments, Essex County295,575
- Covered employment, Essex County349,076
- Average annual pay, Essex County$88,369
- Average weekly wage, Essex County$1,699
- Housing units permitted, Essex County3,827
- Of those, single family, Essex County298
- County product, 2024, Essex County$76,179,529,000
- County product change over the prior year, Essex County6.3 percent
- Average income of an arriving household, Essex County$106,064
Every figure in this section is published for Essex County as a whole and is not a measurement of Newark. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Newark questions, answered from the record.
How many people live in Newark, New Jersey?
310,178, in 113,384 households. Newark city covers 24.14 square miles of land, which is 12,847 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Newark in?
Essex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Newark?
$52,060. The median owner-occupied home is valued at $373,700. Median gross rent is $1,392 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Newark businesses?
214 7(a) approvals totalling $72.2 m, across 47 lenders, median approval $100,000, plus 33 504 approvals worth $44.6 m. These count approvals to borrowers whose address is in Newark, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Newark borrowers get paid back?
Of the 38 loans that have reached a final outcome, 23 were paid in full and 15 charged off, a charge off rate of 39.5 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Newark figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Essex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Newark.
Is zoning published for Newark?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.