Newark city: Homeownership Rate Trend
How Newark city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
62.2%
2023
58.9%
Total change
-3.3 pp
% change
-5.3%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 62.2% | — |
| 2019 | 74.8% | +12.6 pp (20.3%) |
| 2020 | 68.1% | -6.7 pp (-9%) |
| 2021 | 68.6% | +0.5 pp (0.7%) |
| 2022 | 65.3% | -3.3 pp (-4.8%) |
| 2023 | 58.9% | -6.4 pp (-9.8%) |