Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 13,399 people, 5,233 houses or apartments, and a median cost of homes of $220,417, house prices in Newton are solidly below the national average.
Single-family detached homes are the single most common housing type in Newton, accounting for 71.65% of the city's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 12.80%), duplexes, homes converted to apartments or other small apartment buildings ( 6.71%), and a few row houses and other attached homes ( 6.17%).
The most prevalent building size and type in Newton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.11% owning and 37.89% renting.
There is a lot of housing in Newton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newton built between 1940-1969 ( 24.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.79%). There's also some housing in Newton built before 1939 ( 10.39%).
Appreciation rates for homes in Newton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.28%, which ranks in the top 30% nationwide. This equates to an annual average Newton house appreciation rate of 7.87%.
Over the last year, Newton appreciation rates have trailed the rest of the nation. In the last twelve months, Newton's appreciation rate has been 5.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newton were at 3.65%, which equates to an annual appreciation rate of 15.40%.
Relative to North Carolina, our data show that Newton's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.
$220,417
for North carolina
for nation
5,233
$1,712 / per month