Newton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Newton Neighborhoods Since 2000




Newton, IL 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

Newton Housing Market Information

With 2,814 people, 1,211 houses or apartments, and a median cost of homes of $80,926, house prices in Newton are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Newton, accounting for 76.41% of the city's housing units. Other types of housing that are prevalent in Newton include mobile homes or trailers ( 9.08%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few large apartment complexes or high rise apartments ( 6.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 67.88% of Newton's homes, and 52.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Newton 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 Newton built between 1940-1969 ( 29.42%). A lesser amount of the housing stock also hails from before 1939 ( 20.41%). There's also some housing in Newton built between 2000 and later ( 11.80%).

Vacant housing appears to be an issue in Newton. Fully 17.90% of the housing stock is classified as vacant. Left unchecked, vacant Newton homes and apartments can be a drag on the real estate market, holding Newton 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 Home Appreciation Rates

Appreciation rates for homes in Newton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.10%, which ranks in the top 40% nationwide. This equates to an annual average Newton house appreciation rate of 0.59%.

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 2.54%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$80,926

Newton, IL HOME PRICES

Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.0
$527,001 - $791,000 0.0
$422,001 - $527,000 0.0
$316,001 - $422,000 3.2
$211,001 - $316,000 2.7
$106,001 - $211,000 26.1
$53,001 - $106,000 37.9
$0 - $53,000 30.1

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
89.9273409117544 87.7215189873418

Number Of Homes And Apartments:
1,211

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
32.60% 1.65% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$661 / per month

Homeownership Rate

Homeownership
Owners 67.88
Renters 32.12
Vacant 17.90

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 11.8
1970 - 1999 38.4
1940 - 1969 29.4
1939 or Older 20.4

Types of Homes

TYPE OF Newton HOMES
Single-Family 76.4
Townhomes 1.7
Small Apt. Buildings 6.5
Apt. Complexes 6.3
Mobile Homes 9.1
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 0.00
1 Bedroom 8.61
2 Bedrooms 36.41
3 Bedrooms 42.92
4 Bedrooms 9.76
5 or more bedrooms 2.31

Popular Neighborhoods in Newton

Popular Communities Near Newton, IL

Zip Codes in Newton, IL