Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.0 yrs |
|---|---|
| Avg HH Size | 3.31 |
| Below Poverty | 16.3% ▲ 63% above avg |
| College Grads | 30.0% ▼ 23% below avg |
| Unemployment | 12.1% ▲ 148% above avg |
| No HS Diploma | 121 (4.5%) |
| HS Graduate | 920 (34.3%) |
| Some College | 386 (14.4%) |
| Associates | 450 (16.8%) |
| Bachelors | 322 (12%) |
| Graduate Degree | 482 (18%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $102,654 ▲ 35% above avg |
|---|---|
| Median Home Value | $286,500 ≈ Avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $1,253/mo |
| Total Housing Units | 1,579 |
| Vacant Units | 151 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Newark is a city in Texas, located in Wise County. The city spans 1 ZIP code and is home to approximately 4,723 residents. It is a relatively young city, with a median age of 36 years.
Economically, Newark is a upper-middle-income community. The median household income of $102,654 is above the national average. Approximately 16.3% of residents live below the poverty line. The unemployment rate is 12.1%, more than double the national average.
The real estate market in Newark is a mid-range housing market. Median home values stand at $286,500, which is near the national average. Renters typically pay around $1,253 per month. Homeownership is high at 82.5%, typical of suburban and family-oriented communities.
The population of Newark is moderately educated. 30.0% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (74.63%).
Newark, TX offers residents above-average earning potential within Texas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 76071 | 4,723 | $102,654 | $286,500 | $1,253 | 12.1% | 30.0% | 82.5% |