Newburgh, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newburgh Neighborhoods Since 2000




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 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

Newburgh Housing Market Information

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%).

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 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.

Average Home Values

 

Median Home Value:
$174,232

Newburgh, IN HOME PRICES

Value Range
> $1,089,000 1.4
$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

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
40.1617250673854 14.2533936651584

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:
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
26.99% 1.39% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 70.95
Renters 29.05
Vacant 9.86

Housing Market Details

 

Age of Homes

AGE OF Newburgh HOMES
2000 or Newer 9.8
1970 - 1999 41.9
1940 - 1969 26.5
1939 or Older 21.8

Types of Homes

TYPE OF Newburgh HOMES
Single-Family 72.4
Townhomes 1.5
Small Apt. Buildings 14.6
Apt. Complexes 8.0
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Newburgh HOMES
No Bedroom 3.20
1 Bedroom 15.49
2 Bedrooms 23.18
3 Bedrooms 42.57
4 Bedrooms 12.87
5 or more bedrooms 2.69