Newman, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newman Neighborhoods Since 2000




Newman, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Newman Housing Market Information

With 10,899 people, 3,131 houses or apartments, and a median cost of homes of $218,313, Newman real estate values are some of the lowest in California, although compared to real estate around the nation, Newman homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Newman, accounting for 85.18% of the city's housing units. Other types of housing that are prevalent in Newman include duplexes, homes converted to apartments or other small apartment buildings ( 9.25%), large apartment complexes or high rise apartments ( 2.66%), and a few mobile homes or trailers ( 1.62%).

The most prevalent building size and type in Newman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.38% owning and 44.62% renting.

There is a lot of housing in Newman 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 Newman built between 2000 and later ( 28.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.74%). There's also some housing in Newman built before 1939 ( 4.37%).

Newman Home Appreciation Rates

Homes have actually lost value in Newman over the last then years, as home values have seen a decline of 34.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Newman home appreciation rates at 1.84%, which equates to an annual appreciation rate of 7.58%.

Appreciation rates are so strong in Newman that despite a nationwide downturn in the housing market, Newman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newman appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 91.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newman. Newman appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.58%.

Importantly, this makes Newman one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$218,313

Newman, CA HOME PRICES

Value Range
> $1,526,000 0.0
$1,145,001 - $1,526,000 0.0
$763,001 - $1,145,000 0.0
$611,001 - $763,000 0.7
$458,001 - $611,000 3.1
$305,001 - $458,000 13.9
$152,001 - $305,000 61.5
$77,001 - $152,000 15.8
$0 - $77,000 5.0

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
28.0323450134771 83.2010582010582

Number Of Homes And Apartments:
3,131

Newman Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.50% 2.24% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 55.38
Renters 44.62
Vacant 6.29

Housing Market Details

 

Age of Homes

AGE OF Newman HOMES
2000 or Newer 28.6
1970 - 1999 51.2
1940 - 1969 15.7
1939 or Older 4.4

Types of Homes

TYPE OF Newman HOMES
Single-Family 85.2
Townhomes 1.3
Small Apt. Buildings 9.2
Apt. Complexes 2.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Newman HOMES
No Bedroom 3.77
1 Bedroom 3.50
2 Bedrooms 18.02
3 Bedrooms 42.89
4 Bedrooms 25.74
5 or more bedrooms 6.08

Popular Neighborhoods in Newman

Popular Communities Near Newman, CA

Zip Codes in Newman, CA