Newberry, FL 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 Q4 2020. 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

Newberry, FL Housing Market Trends

With a population of 6,231, 2,018 total housing units (homes and apartments), and a median house value of $212,442, Newberry real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newberry, accounting for 80.16% of the city's housing units. Other types of housing that are prevalent in Newberry include mobile homes or trailers ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 3.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newberry. Owner-occupied housing accounts for 83.50% of Newberry's homes, and 87.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Newberry 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 Newberry built between 2000 and later ( 39.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.30%).

Newberry Home Appreciation Rates

Appreciation rates for homes in Newberry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.93%, which ranks in the top 30% nationwide. This equates to an annual average Newberry house appreciation rate of 3.71%.

Appreciation rates are so strong in Newberry that despite a nationwide downturn in the housing market, Newberry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newberry appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 91.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newberry. Newberry appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.88%.

Notably, Newberry's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Newberry's latest annual appreciation rate is higher than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$212,442

Newberry, FL HOME PRICES

> $1,208,000
0.7%
0.7%
$906,001 - $1,208,000
1.2%
1.2%
$604,001 - $906,000
5.5%
5.5%
$483,001 - $604,000
2.5%
2.5%
$363,001 - $483,000
8.2%
8.2%
$241,001 - $363,000
29.0%
29.0%
$121,001 - $241,000
34.9%
34.9%
$61,001 - $121,000
14.0%
14.0%
$0 - $61,000
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
2,018

Newberry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
106.01% 3.50%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,249 / per month

Homeownership Rate

Owners
83.5%
83.5%
Renters
16.5%
16.5%
Vacant
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
39.4%
39.4%
1970 - 1999
41.6%
41.6%
1940 - 1969
18.3%
18.3%
1939 or Older
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.2%
80.2%
Townhomes
0.0%
0.0%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
0.5%
0.5%
Mobile Homes
15.4%
15.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.6%
4.6%
2 Bedrooms
6.7%
6.7%
3 Bedrooms
64.7%
64.7%
4 Bedrooms
22.4%
22.4%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Newberry

Zip Codes in Newberry, FL