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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,277, 1,408 total housing units (homes and apartments), and a median house value of $174,232, Newburgh real estate is some of the most expensive in Indiana, although Newburgh home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Newburgh, accounting for 72.41% of the town's housing units. Other types of housing that are prevalent in Newburgh include duplexes, homes converted to apartments or other small apartment buildings ( 14.60%), large apartment complexes or high rise apartments ( 8.00%), and a few mobile homes or trailers ( 3.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newburgh. Owner-occupied housing accounts for 70.95% of Newburgh's homes, and 55.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Newburgh 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 Newburgh built between 1940-1969 ( 26.50%). A lesser amount of the housing stock also hails from before 1939 ( 21.83%). There's also some housing in Newburgh built between 2000 and later ( 9.80%).
Appreciation rates for homes in Newburgh have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.02%, which ranks in the top 30% nationwide. This equates to an annual average Newburgh house appreciation rate of 0.96%.
Over the last year, Newburgh appreciation rates have trailed the rest of the nation. In the last twelve months, Newburgh's appreciation rate has been 2.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newburgh were at -0.70%, which equates to an annual appreciation rate of -2.75%.
Notably, Newburgh's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Newburgh's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Newburgh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newburgh - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newburgh real estate investment or home purchase decisions.
|$817,001 - $1,089,000||0.8|
|$545,001 - $817,000||4.3|
|$436,001 - $545,000||3.0|
|$327,001 - $436,000||7.2|
|$218,001 - $327,000||11.2|
|$109,001 - $218,000||51.7|
|$54,001 - $109,000||15.5|
|$0 - $54,000||4.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Newburgh HOMES|
|2000 or Newer||9.8|
|1970 - 1999||41.9|
|1940 - 1969||26.5|
|1939 or Older||21.8|
|TYPE OF Newburgh HOMES|
|Small Apt. Buildings||14.6|
|SIZE OF Newburgh HOMES|
|5 or more bedrooms||2.69|