Newton appreciation rates and housing market information

Newton housing market information

With 882 people, 363 houses or apartments, and a median cost of homes of $53,606, house prices in Newton are some of the most affordable in Georgia as well as the nation.

single-family detached homes are the single most common housing type in Newton, accounting for 48.21% of the city's housing units. Other types of housing that are prevalent in Newton include mobile homes or trailers (39.67%), duplexes, homes converted to apartments, or other small apartment buildings (9.37%), large apartment complexes or high rise apartments (2.20%), and a few row houses and other attached homes (0.55%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 64.19% of Newton's homes, and 60.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Newton built from 1970-1994, 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 from 1940-1969 (37.19%). A lesser amount of the housing stock also hails from 1995 and later (13.50%), and some were built from 1939 and earlier (13.50%).

Newton home appreciation rates

Newton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newton during the period has been just 4.49%, which is lower than % of US communities.

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 -2.52%, 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 1.56%, which equates to an annual appreciation rate of 6.24%.

Relative to Georgia, our data show that Newton's latest annual appreciation rate is higher than 7% of the other cities and towns in Georgia.