Newark Real Estate
Founded in 1694 by Scots-Irish and Welsh settlers and officially being recognized as a town in 1758 by Great Britain, Newark, Delaware currently is home to just over 30,000 residents – mainly revolving around the University of Delaware. The University of Delaware provides a small-town college atmosphere, with big city culture, entertainment and exceptional educational opportunities. Due to the University of Delaware being the focal point of Newark, residents have access to the finest library in the state, cultural performances, art exhibits, botanical gardens, lectures and athletic events. The deep roots and history of Newark were built around education and continue to influence the community today.
The center of the town of Newark is the lively and pedestrian-friendly Main Street area that tends to be the social point for residents and students alike, offering quaint shopping, dining and entertainment. The areas surrounding the downtown section of Newark are filled with residential sidewalk communities, fine dining, shopping complexes and numerous parks offering recreational opportunities such as hiking, biking and horseback riding. One popular point of interest in Newark is Cooch’s Bridge, the site of a 1777 Revolutionary War battle, which can be viewed from the 90-foot observation tower at Iron Hill Park.
Newark, Delaware is conveniently located about 45 miles from Philadelphia and 55 miles from Baltimore, and offers residents and commuters outstanding public transportation. Access to I-95 makes the mid-Atlantic beach resorts and ski resorts of the Pocono Mountains within close proximity. Newark is the midway point on the Atlantic coast between New York City and Washington, D.C., placing it as a prime location on the entire east coast for museums, outdoor recreation and all forms of entertainment. Newark provides residents with a low unemployment rate, moderate climate with four distinct seasons and continual growth in commercial, industrial and residential areas.
The real estate market in Newark, Delaware is as diverse as the natural landscape of the New Castle County region offering homeownership options including condominiums and townhouses, golf course homes, single family homes, retirement homes, investment homes and gated communities. The styles of homes range from historic colonials, new suburban developments to sprawling modern estates with the latest in amenities. The average home prices in the Newark real estate market range from $120,000 to $400,000; however, there are luxurious homes prices well over $1 million.
The affordable housing market in Newark is great for first-time homebuyers or those wishing to retire in a region that offers the best of everything including six “over 55” communities. Newark offers outstanding secondary educational options, one of the Mid-Atlantic region’s largest healthcare providers – Christiana Hospital – and tax free shopping! Newark is not only rich and diverse in its history, but rich and diverse in what it offers its residents today. Click here to request more information on Newark real estate. |
