Find property management in Newark, NJ
Learn what to look for, compare Newark management companies, and get free quotes.
The response from my new manager was super and I expect a great working relationship with her company. - Rhonda M.
Make an informed decision:
Newark Property Managers (107)
Showing all property managers in Newark. Describe your property to show only the managers who offer the services you're looking for.
Oaktwin Property Management, LLC
- Oaktwin Property management is a full service Management Company with the capability to solve all your customary needs. Ownership of an investment property is a difficult task. As professionals, ... View full company profile
Wexford Property Management
- Wexford is a full service multi-family management firm serving Philadelphia, its surrounding suburban counties, the greater Washington, DC metro area and New York. Whether you're looking for thir... View full company profile
Cambridge Property Management Services
- Cambridge is a full service property management company specializing in condominium and homeowner associations. View full company profile
Impact Real Estate Management
- Management of Cooperatives, Condominiums, Home Owner Associations, Rental Properties View full company profile
Alliance Property Management LLC
- We provide property management services that result in an unsurpassed and memorable experience for our clients. We manage our business with the highest degree of integrity, honesty, and professio... View full company profile
JMP Real Estate
- JMP Real Estate Management is a commercial real estate services company that provides the ultimate results for the sophisticated real estate owner. Our management principals are designed to impro... View full company profile
Kennedy Wilson Properties, Ltd.
- Kennedy Wilson is a relationship-driven professional property management firm. With over 23 offices across the country we can be anywhere you need us to be. The company currently manages over 5... View full company profileMarket Info
Newark Management Companies
Are you looking for a professional property management company to oversee your home, condo, apartment building, commercial property or community association? Use our comprehensive directory of Newark property management companies to find and get quotes from multiple property managers in Newark, New Jersey. You can also read our guide to hiring a property manager which covers everything from understanding the property management fee to breaking down property management contracts.
Housing Market Stats
| Newark | New Jersey | U.S. | |
|---|---|---|---|
| Median Home Value | $423,800 | $365,400 | $192,400 |
| Owner Costs > 30% Income | 16.9% | 17% | 14.7% |
| Gross Rent > 30% Income | 21% | 20.2% | 19.2% |
Newark Housing Market Stats
As of 2008, the rental vacancy rate in Newark stood at 7%, relatively low compared to the rest of the country. There are about 841,172 housing units, averaging $423,800 in value, 36% of which are occupied by renters. The rent to price ratio in Newark is 0.2%, slightly lower than the New Jersey average. For 21% of Newark tenants, 30% or more of their income goes to paying rent.
Demographic Stats
| Newark | New Jersey | U.S. | |
|---|---|---|---|
| Avg Commute Time (minutes) | 30.6 | 29.5 | 25.3 |
| Median Age | 38.5 | 38.3 | 36.7 |
| Avg Household Size - Owners | 2.92 | 2.82 | 2.7 |
| Avg Household Size - Renters | 2.4 | 2.4 | 2.42 |
| Median Household Income | $71,041 | $68,241 | $52,175 |
| Per Capita Income | $36,962 | $34,415 | $27,466 |
Newark Demographic Info
Newark has a population of 2,120,058, comprised of 761,087 households, with on average 3 members per household. Out of approximately 1,115,887 people in the civilian workforce, 1,046,804 (94%) were employed in 2008. 86% of the population 25 and older has earned a high school diploma, with 36% holding a 4 year college degree.
Community Info
Newark Community Info
Newark is the largest city in the state of New Jersey, and it is the 65th largest city in the United States. Newark serves as the county seat of Essex County. Newark is located about 8 miles west of Manhattan and about 2 miles north of Staten Island. Newark has a total area of 24.14 square miles, which makes the city the second smallest land area out of the 100 most populated cities in the United States.
Newark is the second most diverse city in the state of New Jersey. Newark has neighborhoods that are filled with people from a variety of different backgrounds, including but not limited to African Americans, Puerto Ricans, Italians, Jamaicans, Mexicans, Portuguese, and many more. Based on the 2000 Census Report the racial makeup in the city of Newark was as follows: 53.46% African American, 26.52% White, 1.19% Asian, .37% Native American, .05% Pacific Islander, 14.05% from other races, and 29.74% of the entire population from any race were Hispanic.
One of the biggest problems that the city of Newark faces is poverty among its residents. In an attempt to lower the percentage of people, living in poverty the city recently went through revitalization. What lead to the problem of poverty was the 1967 riots. These riots caused many white and black middle class families and households to flee the area in search of better living opportunities. The population loss continued to the 1990s, overall the city lost over 100,000 residents. As of the 2000 Census Report 28.4% of the population and 25.5% of the families in Newark were living below the poverty line.
The economy in Newark has over 300 different types of businesses, including 1,800 retail establishments, 540 wholesale establishments, 8 major bank headquarters, and Newark is the third largest insurance center in the United States. Even with how many businesses contribute to the economy, the unemployment rate is still high, as of 2003, the unemployment rate was 12%.