Newburgh IN

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Newburgh, IN 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Newburgh Housing Market Information

With a population of 3,204, 1,382 total housing units (homes and apartments), and a median house value of $202,636, 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 80.46% 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 ( 17.66%), large apartment complexes or high rise apartments ( 1.04%).

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 74.83% of Newburgh's homes, and 52.78% 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 ( 25.10%). A lesser amount of the housing stock also hails from before 1939 ( 20.45%). There's also some housing in Newburgh built between 2000 and later ( 14.33%).

Newburgh Home Appreciation Rates

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 31.26%, which ranks in the top 40% nationwide. This equates to an annual average Newburgh house appreciation rate of 2.76%.

Appreciation rates are so strong in Newburgh that despite a nationwide downturn in the housing market, Newburgh real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newburgh appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 87.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newburgh. Newburgh appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.34%.

Relative to Indiana, our data show that Newburgh's latest annual appreciation rate is higher than 70% 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.

Average Home Values


Median Home Value:


Value Range
> $1,187,000 1.3
$891,001 - $1,187,000 0.9
$594,001 - $891,000 4.1
$475,001 - $594,000 2.8
$356,001 - $475,000 9.8
$238,001 - $356,000 13.9
$119,001 - $238,000 50.4
$59,001 - $119,000 15.0
$0 - $59,000 1.8

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
38.6919708029197 14.9321266968326

Number Of Homes And Apartments:

Newburgh Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
46.12% 1.94%
* 10 is highest

Rent & Ownership


Average Market Rent:
$977 / per month

Homeownership Rate

Owners 74.83
Renters 25.17
Vacant 3.89

Housing Market Details


Age of Homes

2000 or Newer 14.3
1970 - 1999 40.1
1940 - 1969 25.1
1939 or Older 20.4

Types of Homes

Single-Family 80.5
Townhomes 0.8
Small Apt. Buildings 17.7
Apt. Complexes 1.0
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 11.96
2 Bedrooms 31.22
3 Bedrooms 38.53
4 Bedrooms 14.26
5 or more bedrooms 4.03