Cities Like Newark for Investors
Newark is a mid-to-high, moderate-yield balanced market. Below: the 8 markets in our coverage with the closest fundamentals, ranked by similarity score.
GEOGRAPHIC SPREAD: 6 OTHER STATES (NV, CO, CA, AZ, TX, NC)
What these alternatives are matched against.
| Median home value | $482,675 |
| YoY appreciation | -1.3% |
| Gross rent yield | 5.32% |
| Median days on market | 28.833333333333332 |
| Market type | Balanced |
| Investor score | 45/100 |
Ranked by fundamentals similarity.
- 01Las Vegas, NVlas-vegas-nv · SIMILARITY 100/100MEDIAN$426kYoY -2.8% Yield 4.79% DOM 32.333333333333336 Type Balanced Score 61/100WHY: same price tier · similar rent yield · similar market pace
- 02Colorado Springs, COcolorado-springs-co · SIMILARITY 94/100MEDIAN$451kYoY -2.1% Yield 4.55% DOM 20.166666666666668 Type Balanced Score 47/100WHY: same price tier · similar rent yield · both balanced markets
- 03Denver, COdenver-co · SIMILARITY 94/100MEDIAN$542kYoY -4.2% Yield 4.09% DOM 15.5 Type Balanced Score 47/100WHY: same price tier · similar rent yield · both balanced markets
- 04Modesto, CAmodesto-ca · SIMILARITY 94/100MEDIAN$447kYoY -0.6% Yield 5.35% DOM 14 Type Balanced Score 49/100WHY: same price tier · similar rent yield · both balanced markets
- 05Phoenix, AZphoenix-az · SIMILARITY 94/100MEDIAN$411kYoY -2.4% Yield 4.58% DOM 23 Type Balanced Score 57/100WHY: same price tier · similar rent yield · both balanced markets
- 06Plano, TXplano-tx · SIMILARITY 94/100MEDIAN$508kYoY -5.5% Yield 4.01% DOM 19.666666666666668 Type Balanced Score 56/100WHY: same price tier · similar rent yield · both balanced markets
- 07Raleigh, NCraleigh-nc · SIMILARITY 94/100MEDIAN$436kYoY -2.2% Yield 4.34% DOM 20.333333333333332 Type Balanced Score 58/100WHY: same price tier · similar rent yield · both balanced markets
- 08Sacramento, CAsacramento-ca · SIMILARITY 94/100MEDIAN$481kYoY -2.3% Yield 5.04% DOM 11.666666666666666 Type Balanced Score 47/100WHY: same price tier · similar rent yield · both balanced markets
Frequently asked.
What makes a city "similar" to Newark for investors?
Similarity is scored on four fundamentals: price tier (typical home value bucket), rent yield (gross rent-to-price ratio), market pace (median days on market), and market type (buyer/seller/balanced). Same-state cities get a small penalty so the list surfaces geographic alternatives, not just neighbors.
Why would an investor look at similar cities instead of Newark?
Three common reasons: (1) Newark prices have moved past your acquisition budget and you need similar fundamentals at a lower price tier; (2) you're already deep in Newark and want to diversify into a different state without changing your underwriting playbook; (3) you suspect Newark is overheated and want comparable markets earlier in their cycle.
Are these alternatives ranked by overall investment quality?
No — they're ranked by similarity to Newark, not by absolute investor score. A market scoring 85/100 for similarity is "very similar to Newark" but might still be a worse or better deal in absolute terms. Click into each city's full report for the investor-score view.
What's the difference between this page and a head-to-head comparison?
Head-to-head (/compare/[a-vs-b]) is a deep one-on-one breakdown across all metrics. This alternatives page is a discovery layer — surfacing 8 markets with the closest fundamentals so you can identify candidates to deep-dive on next.
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