Newark city: Median Gross Rent Trend
How Newark city's median gross rent 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
$1,014
2023
$1,330
Total change
+$316
% change
+31.2%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,014 | — |
| 2019 | $1,085 | +$71 (7%) |
| 2020 | $1,116 | +$31 (2.9%) |
| 2021 | $1,167 | +$51 (4.6%) |
| 2022 | $1,273 | +$106 (9.1%) |
| 2023 | $1,330 | +$57 (4.5%) |