Yes, Newark is definitely getting more expensive, and the trend is quite noticeable. Across the board, from home sale prices to monthly rents, costs are on a clear upward path. While it remains more affordable than New York City or nearby Jersey City, that price gap is shrinking.
A major driver is the overflow from the NYC housing market. As people get priced out of the city and its immediate suburbs, they look to Newark for its direct transit links and comparatively lower costs. This increased demand, combined with significant new development projects, particularly luxury apartments in the downtown and Ironbound areas, is consistently pushing prices higher.