Newton, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newton, KS 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

Newton Housing Market Information

With 19,216 people, 7,765 houses or apartments, and a median cost of homes of $112,517, house prices in Newton are solidly below the national average.

Single-family detached homes are the single most common housing type in Newton, accounting for 79.36% of the city's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 8.40%), duplexes, homes converted to apartments or other small apartment buildings ( 6.86%), and a few mobile homes or trailers ( 2.98%).

The most prevalent building size and type in Newton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.58% owning and 37.42% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newton's housing was primarily built during this period, from the '40s through the '60s. A full 32.51% of the city's housing hails from this era. Other housing ages represented in Newton include homes built between 1970-1999 ( 32.21%) and housing constructed before 1939 ( 26.35%). There's also some housing in Newton built between 2000 and later ( 8.92%).

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 6.49%, which ranks in the top 40% nationwide. This equates to an annual average Newton house appreciation rate of 0.63%.

Over the last year, Newton appreciation rates have trailed the rest of the nation. In the last twelve months, Newton's appreciation rate has been -1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newton were at -2.05%, which equates to an annual appreciation rate of -7.96%.

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

Relative to Kansas, our data show that Newton's latest annual appreciation rate is lower than 90% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$112,517

Newton, KS HOME PRICES

Value Range
> $1,054,000 0.0
$790,001 - $1,054,000 0.3
$527,001 - $790,000 0.3
$421,001 - $527,000 0.0
$316,001 - $421,000 2.6
$211,001 - $316,000 7.2
$105,001 - $211,000 39.2
$53,001 - $105,000 39.1
$0 - $53,000 11.3

Average for KS
Low for Nation

Value Relative to Nation Value Relative to State
69.8406187741709 42.5531914893617

Number Of Homes And Apartments:
7,765

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
23.78% 1.24% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 62.58
Renters 37.42
Vacant 7.74

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 8.9
1970 - 1999 32.2
1940 - 1969 32.5
1939 or Older 26.4

Types of Homes

TYPE OF Newton HOMES
Single-Family 79.4
Townhomes 2.4
Small Apt. Buildings 6.9
Apt. Complexes 8.4
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 3.07
1 Bedroom 7.59
2 Bedrooms 33.97
3 Bedrooms 37.05
4 Bedrooms 14.53
5 or more bedrooms 3.79

Popular Neighborhoods in Newton

Zip Codes in Newton, KS