Newberry, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newberry, FL 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

Newberry Housing Market Information

With a population of 5,564, 1,845 total housing units (homes and apartments), and a median house value of $175,353, 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 76.32% of the city's housing units. Other types of housing that are prevalent in Newberry include mobile homes or trailers ( 20.34%), duplexes, homes converted to apartments or other small apartment buildings ( 1.65%).

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 82.76% of Newberry's homes, and 79.43% 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 ( 30.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.17%). There's also some housing in Newberry built before 1939 ( 3.02%).

Vacant housing appears to be an issue in Newberry. Fully 15.48% of the housing stock is classified as vacant. Left unchecked, vacant Newberry homes and apartments can be a drag on the real estate market, holding Newberry 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.

Newberry Home Appreciation Rates

Newberry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newberry during the period has been just -1.63%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Newberry's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Newberry's appreciation rate has been 1.50%, which annualizes to a rate of 6.12%.

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

Average Home Values

 

Median Home Value:
$175,353

Newberry, FL HOME PRICES

Value Range
> $1,196,000 0.3
$897,001 - $1,196,000 0.5
$598,001 - $897,000 3.5
$479,001 - $598,000 1.7
$359,001 - $479,000 5.8
$239,001 - $359,000 13.3
$120,001 - $239,000 49.1
$60,001 - $120,000 18.3
$0 - $60,000 7.5

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
39.8218680417204 56.6239316239316

Number Of Homes And Apartments:
1,845

Newberry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
56.07% 2.61% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,075 / per month

Homeownership Rate

Homeownership
Owners 82.76
Renters 17.24
Vacant 15.48

Housing Market Details

 

Age of Homes

AGE OF Newberry HOMES
2000 or Newer 30.9
1970 - 1999 55.9
1940 - 1969 10.2
1939 or Older 3.0

Types of Homes

TYPE OF Newberry HOMES
Single-Family 76.3
Townhomes 0.0
Small Apt. Buildings 1.6
Apt. Complexes 0.3
Mobile Homes 20.3
Other 1.4

Home Size

SIZE OF Newberry HOMES
No Bedroom 0.00
1 Bedroom 2.24
2 Bedrooms 15.07
3 Bedrooms 65.92
4 Bedrooms 13.51
5 or more bedrooms 3.25

Popular Neighborhoods in Newberry

Zip Codes in Newberry, FL