6 Best Neighborhoods in Newark, CA
1. City Center
The City Center neighborhood in Newark is an urban neighborhood that is densely populated. Here’s a fun fact: City Center has residents with more Portuguese and Asian ancestry than any other neighborhood in America!
The real estate price is more expensive than most California and U.S neighborhoods averaging at $655,600. In addition, the median rental price in this neighborhood is approximately $3,551, which is also quite high compared to other nearby areas.
In City Center, you can find single-family homes and apartments.
2. Newark Blvd / Ruschin Dr
The Newark Blvd / Ruschin Dr neighborhood is the perfect area for first-time home buyers. This is because the homes are not as costly as in other Newark neighborhoods. That said, over the last 10 years, they’ve upheld good appreciation rates in comparison to other Californian neighborhoods.
The average real estate price in this area is $885,713. As for the rental price, it currently averages at $2,949.
Fun fact: In Newark Blvd / Ruschin Dr, 8.5% of the children speak primarily Chinese at home. This may seem small, but it is more than 97.6% of the neighborhoods in the United States.
3. Stonecress Ave / Manzanita St
This is one of the wealthiest neighborhoods in Newark, California. Most people here drive luxury cars such as Mercedes, Audi, BMW, and Lexus.
Children have access to quality education and families spend their summers abroad. Overall, this neighborhood has the lowest poverty rate in the country.
This is a good area for executives who are highly educated and for urban sophisticates.
You can find single-family homes and townhomes in the Stonecress Ave / Manzanita St neighborhood. The median real estate price is $960,633, and the average rental price is $4,753.
4. Newpark Mall / Mowry Ave
If you are looking for row houses and attached homes, this neighborhood is for you!
Made up of townhomes and single-family homes, this is the perfect neighborhood for first-time home buyers. The reason is because the homes are priced below average, but they rates maintain a moderate appreciation. This makes it a current accessible option, but also a quality investment.
The average real estate price in the Newpark Mall / Mowry Ave neighborhood is $692,206. The median rental price is $3,888.
5. Jarvis Ave / Gateway Blvd
The Jarvis Ave / Gateway Blvd neighborhood is quite wealthy. There are many educated people, executives and managers who reside in this suburban neighborhood.
The median real estate price is $970,770, while the average rental price is $4,095.
The Jarvis Ave / Gateway Blvd neighborhood is made up of high-rise apartments and medium to large sized spacious single-family homes. Most of these buildings and homes have been built between the years 1970 and 1999.
Fun fact: In this neighborhood, residents seem to really love cars! In fact, about 31% of households have between 4-5 cars!
6. Jarvis Landing
Jarvis Landing is a suburban coastal neighborhood. Families love living in Jarvis Landing as it offers many family-friendly activities by the ocean, bay or inlet. In addition to the recreational activities, living in Jarvis Landing is visually beautiful. This neighborhood feels very nautical!
The neighborhood mainly has single-family homes and small apartment complexes. There’s a mixture of owners and renters in Jarvis Landing.
The median real estate price is $799,765, and the average rental price is $3,068.
Fun fact : There are many residents with Portuguese and Iranian ancestry who live in this neighborhood!
In a Nutshell
Newark, California is known for its diverse population, coastal views, waterfront recreational activities and wealthy neighborhoods. In this article, we reviewed the 6 neighborhoods in Newark, California that should be at the top of your list if you’re considering moving here.
For further questions or inquires, contact East Bay Property Management.