Newburgh IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Newburgh Housing Market Information

With 3,204 people, 1,408 houses or apartments, and a median cost of homes of $207,514, Newburgh real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newburgh, accounting for 77.38% 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 ( 16.31%), mobile homes or trailers ( 4.66%).

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 75.64% of Newburgh's homes, and 52.50% 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 ( 23.03%). A lesser amount of the housing stock also hails from before 1939 ( 19.88%). There's also some housing in Newburgh built between 2000 and later ( 14.60%).

Newburgh Home Appreciation Rates

Real estate appreciation rates in Newburgh's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.53% during the period.

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 3.08%, 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 1.12%, which equates to an annual appreciation rate of 4.57%.

Relative to Indiana, our data show that Newburgh's latest annual appreciation rate is lower than 80% 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:
$207,514

Newburgh, IN HOME PRICES

Value Range
> $1,144,000 0.4
$858,001 - $1,144,000 2.6
$572,001 - $858,000 5.5
$457,001 - $572,000 4.4
$343,001 - $457,000 9.1
$229,001 - $343,000 13.7
$114,001 - $229,000 46.2
$57,001 - $114,000 14.2
$0 - $57,000 3.8

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
39.0277372262774 16.289592760181

Number Of Homes And Apartments:
1,408

Newburgh Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
43.67% 1.78%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$979 / per month

Homeownership Rate

Homeownership
Owners 75.64
Renters 24.36
Vacant 3.50

Housing Market Details

 

Age of Homes

AGE OF Newburgh HOMES
2000 or Newer 14.6
1970 - 1999 42.5
1940 - 1969 23.0
1939 or Older 19.9

Types of Homes

TYPE OF Newburgh HOMES
Single-Family 77.4
Townhomes 0.7
Small Apt. Buildings 16.3
Apt. Complexes 1.0
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Newburgh HOMES
No Bedroom 0.00
1 Bedroom 7.68
2 Bedrooms 35.02
3 Bedrooms 36.94
4 Bedrooms 15.56
5 or more bedrooms 4.80