Construction Value
$256.5M ▲ 5.3%
Units Permitted
1,736 ▲ 27.8%
Avg Value / Unit
$148K
2024 · Census Bureau Building Permits Survey
Construction activity in Newark jumped in 2024, up 27.8% from the prior year with 1,736 housing units permitted. At $148K per unit, new builds are 42% below the Essex County average of $253K, indicating more affordable construction. Volume is 755% above the county average of 203 units, suggesting faster-than-typical growth. 99.2% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Predominantly multi-unit and higher-density construction.
Construction Intensityi
$823
per resident
County avg: $15K-94%
$10.6M
per square mile
Newark vs. Essex County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 14 | 14 | $4.7M | 2% |
| ■ Duplex | 202 | 101 | $34.1M | 13% |
| ■ 3-4 Unit | 160 | 49 | $18.4M | 7% |
| ■ 5+ Unit | 1,360 | 21 | $199.2M | 78% |
County Ranking by Construction Volume
Among 21 permit-issuing towns in Essex County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →