Newton Falls, OH Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newton Falls, OH Housing Market Trends

With a population of 4,471, 2,188 total housing units (homes and apartments), and a median house value of $100,402, house prices in Newton Falls are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Newton Falls, accounting for 60.75% of the city's housing units. Other types of housing that are prevalent in Newton Falls include duplexes, homes converted to apartments or other small apartment buildings ( 20.30%), large apartment complexes or high rise apartments ( 14.41%), and a few row houses and other attached homes ( 4.54%).

People in Newton Falls primarily live in small (one, two or no bedroom) single-family detached homes. Newton Falls has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newton Falls's housing was primarily built during this period, from the '40s through the '60s. A full 44.41% of the city's housing hails from this era. Other housing ages represented in Newton Falls include homes built between 1970-1999 ( 35.28%) and housing constructed before 1939 ( 15.60%). There's also some housing in Newton Falls built between 2000 and later ( 4.71%).

Vacant housing appears to be an issue in Newton Falls. Fully 10.44% of the housing stock is classified as vacant. Left unchecked, vacant Newton Falls homes and apartments can be a drag on the real estate market, holding Newton Falls real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Newton Falls Home Appreciation Rates

Newton Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newton Falls during the period has been just 2.27%, which is lower than 80% of US communities.

Appreciation rates are so strong in Newton Falls that despite a nationwide downturn in the housing market, Newton Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newton Falls appreciation rates continue to be some of the highest in America, at 10.86%, which is higher than appreciation rates in 74.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newton Falls. Newton Falls appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.52%.

Relative to Ohio, our data show that Newton Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$100,402

Newton Falls, OH HOME PRICES

> $1,172,000
0.0%
0.0%
$879,001 - $1,172,000
0.0%
0.0%
$586,001 - $879,000
0.0%
0.0%
$469,001 - $586,000
0.0%
0.0%
$352,001 - $469,000
0.0%
0.0%
$234,001 - $352,000
2.8%
2.8%
$117,001 - $234,000
32.3%
32.3%
$59,001 - $117,000
49.8%
49.8%
$0 - $59,000
15.0%
15.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
2,188

Newton Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
10.30% 0.46%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Owners
54.8%
54.8%
Renters
45.2%
45.2%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.7%
4.7%
1970 - 1999
35.3%
35.3%
1940 - 1969
44.4%
44.4%
1939 or Older
15.6%
15.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.7%
60.7%
Townhomes
4.5%
4.5%
Small Apt. Buildings
20.3%
20.3%
Apt. Complexes
14.4%
14.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
12.0%
12.0%
2 Bedrooms
36.9%
36.9%
3 Bedrooms
40.6%
40.6%
4 Bedrooms
5.8%
5.8%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES