Newark is the largest city in New Jersey, located in Essex County, approximately 8 miles west of Manhattan. As of the 2020 census, Newark had a population of 311,549, making it a significant hub in the New York metropolitan area. Covering a land area of 24.1 square miles, the city boasts a diverse population and serves as a major center for transportation, culture, and commerce. Newark is home to several institutions of higher education, including Rutgers University–Newark and the New Jersey Institute of Technology (NJIT). The city also hosts cultural landmarks such as the New Jersey Performing Arts Center (NJPAC) and the Newark Museum of Art.​

The real estate market in Newark has experienced notable growth in recent years. As of early 2025, the average home value in Newark is approximately $471,374, reflecting a 2.5% increase over the past year. The median sale price is around $565,000, up 16.4% from the previous year, with a median price per square foot of $243. Homes typically spend about 42 days on the market, indicating a somewhat competitive market. The city's ongoing development projects and proximity to New York City contribute to its appeal among homebuyers and investors.​

Newark was founded in 1666 by Puritans from the New Haven Colony, led by Robert Treat, seeking to establish a theocratic community. The city played a significant role during the Industrial Revolution, becoming a center for manufacturing and innovation. In 1875, John F. Dryden founded the Prudential Insurance Company in Newark, marking the city's emergence as a financial hub. Over the years, Newark has evolved into a diverse and dynamic urban center, reflecting its rich history and cultural heritage.