Newark New Jersey
Located eight miles west of Manhattan, Newark has a reputation as New York's tough little brother. Undergoing a major revitalization effort, Newark has begun to offer its own attractions and high quality of life. Featuring art galleries, several large parks, beautiful architecture, its own symphony and a major performing arts center, Newark is becoming more than just a New Jersey Gateway city, but a destination city. Newark is also home to Rutgers University - Newark, Seton Hall Law School, New Jersey Institute of Technology, and several major corporations, such as Prudential and PSE&G.
Sports in Newark: A Devil of a Time
In recent years, Newark has become home to one of the NHL's most respected franchises, the New Jersey Devils, who have brought the state its only 3 major championships, winning the Stanley Cup in 1995, 2000, and 2003. The franchise has also sent 3 players to the Hockey Hall of Fame (Scott Stevens, Scott Niedermayer, Brendan Shanahan), and are the home of future Hall of Famer, Martin Brodeur. Newark has embraced this historical franchise as the heart and soul of the city, as a visit to the Prudential Center, aka "The Rock," is a main attraction for Newark residents on game day. The city was also home to an independent minor league baseball franchise, the Newark Bears, from 1998-2013.
Property Management Companies Will Help With Your Newark Rental
With close to 70% of the population of Newark renting, along with a vacancy rate higher than the national average, competition for qualified tenants is extremely high. A large number of property management companies are available in Newark, which is advantageous for rental home owners who are looking for a reputable property management company to represent them. Providing services such as renting your property and providing maintenance, a property management company is an excellent investment for owners who cannot spend their time in handling all of their rental property's needs.
Finding Newark Property Management Companies Is Easier Thank You Think!
Searching for the perfect company to manage your investment property's needs is not an easy or fun task. That is why we have taken care of this for you! All you need to do is tell us where your investment properties are located and we will pair you with the best matches for you. The best part is, these companies are all property management experts who are eager to take on all of the tasks that you either don't want to do or have the time for.
Newark Rental Property Info
The percent of rental properties is 50.53% above the national average, with 69.73% of homes occupied by renters. (Source: RealEstate.com)
The vacancy rate is 11.82%. (Source: RealEstate.com)
Average Rent (January 2014) is $3,337.00 (Source: RentJungle.com)
Average Rent has not increased over the prior 6 months (January 2014). (Source: RentJungle.com)