Rent-to-Own Homes in Newark, OH: What You Need to Know
Newark, Ohio is a great city to consider when looking for your next home. The cost of living is low, and the schools are fantastic. You can enjoy a full four-seasons here, and all the beauty that comes with snow, flowers, and beaches.
Cost of Living
Newark, Ohio is an affordable city. It is, overall, 16% less expensive than the national average. Utilities are 22% cheaper, and healthcare is 8% cheaper as well! Housing and housing expenses are 38% cheaper than the national average. The median home price is $216,000. Just over half the households are owner-occupied. The average rent is $811 per month for an 857 square foot apartment.
Schools and Higher Education
There are 12 public schools here, teaching 6,000 students. There are 4 private schools located in Newark, as well, teaching 700 students. There are 26 colleges within a 40-mile radius of Newark. Central Ohio Technical College, Ohio State University at Newark, and Denison University are three schools in or around the city.
Weather and Climate
Residents of Newark enjoy a humid, continental climate, meaning the summers are long, warm, and wet, while the winters are ice-cold but short. The coldest month is January when the temperatures often bottom out at 20°F. July is the warmest month, with an average high of 85°F. It rains about 41” per year here, with June seeing most of these rainy days.
51,000 residents call Newark their home, and, annually, this city grows 1.08%, welcoming more and more people each year. The median age here is 38. 52%. 92% of all the residents are white, 3% are African American, and 4% are mixed race.
Know Your Neighborhoods
Granville is one of the best places to live in all of Ohio. There are 6,000 residents here, many of whom are young professionals who enjoy a quiet suburban environment and top-rated public schools. The median home value is $359,000 and the majority of residents own their homes. The median rent is $1,093.
Pataskala is home to 15,000 residents, the majority of which are families and young professionals. The median home value is $173,000 and most residents own their homes. The median rent is $953.
Johnstown is home to 5,000 residents. The residents enjoy a dense, suburban environment and strong public schools. The median home value is $152,300 and just over half the residents own their homes. The median rent is $830.