Newton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newton, IL Real Estate Data


Newton Housing Market Information

With 2,814 people, 1,258 houses or apartments, and a median cost of homes of $87,094, 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 80.54% of the city's housing units. Other types of housing that are prevalent in Newton include mobile homes or trailers ( 9.66%), large apartment complexes or high rise apartments ( 7.61%), and a few row houses and other attached homes ( 1.19%).

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 71.14% of Newton's homes, and 48.84% 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 ( 32.36%). A lesser amount of the housing stock also hails from before 1939 ( 21.11%). There's also some housing in Newton built between 2000 and later ( 4.70%).

Vacant housing appears to be an issue in Newton. Fully 16.74% 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 12.84%, which ranks in the top 30% nationwide. This equates to an annual average Newton house appreciation rate of 1.22%.

NeighborhoodScout's data show that during the latest twelve months, Newton's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, Newton's appreciation rate has been -0.08%, which annualizes to a rate of -0.30%.

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

Relative to Illinois, our data show that Newton's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$87,094

Newton, IL HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$544,001 - $815,000 0.0
$435,001 - $544,000 0.0
$326,001 - $435,000 5.2
$217,001 - $326,000 2.3
$109,001 - $217,000 21.4
$54,001 - $109,000 46.6
$0 - $54,000 24.5

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0878960004685 83.6708860759494

Number Of Homes And Apartments:
1,258

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 71.14
Renters 28.86
Vacant 16.74

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 4.7
1970 - 1999 41.8
1940 - 1969 32.4
1939 or Older 21.1

Types of Homes

TYPE OF Newton HOMES
Single-Family 80.5
Townhomes 1.2
Small Apt. Buildings 1.0
Apt. Complexes 7.6
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 0.00
1 Bedroom 5.49
2 Bedrooms 40.77
3 Bedrooms 41.56
4 Bedrooms 7.28
5 or more bedrooms 4.90

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.44% 1.71% 7 4
* 10 is highest

Popular Neighborhoods in Newton

Popular Communities Near Newton, IL

Zip Codes in Newton, IL