Newton, MA 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 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 about Scout's Real Estate Data

Newton Housing Market Information

With a population of 88,414, 30,849 total housing units (homes and apartments), and a median house value of $1,114,926, Newton house prices are not only among the most expensive in Massachusetts, Newton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Newton, accounting for 56.55% of the city's housing units. Other types of housing that are prevalent in Newton include duplexes, homes converted to apartments or other small apartment buildings ( 21.38%), large apartment complexes or high rise apartments ( 15.07%), and a few row houses and other attached homes ( 6.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 65.26% of Newton's homes, and 54.72% have either three or four bedrooms, which is average sized relative to America.

The housing in Newton was primarily built before 1939 ( 51.33%), making the housing stock in Newton some of the oldest overall in America, although there is a range of ages of homes in Newton. The next most important housing age is between 1940-1969 ( 26.92%), followed by between 1970-1999 ( 14.64%). There's also some housing in Newton built between 2000 and later ( 7.11%).

Newton Home Appreciation Rates

In the last 10 years, Newton has experienced some of the highest home appreciation rates of any community in the nation. Newton real estate appreciated 56.58% over the last ten years, which is an average annual home appreciation rate of 4.59%, putting Newton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Newton's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Newton's appreciation rate has been 1.22%, which annualizes to a rate of 4.98%.

Relative to Massachusetts, our data show that Newton's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newton - 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 Newton real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$1,114,926

Newton, MA HOME PRICES

> $1,183,000
38.3%
38.3%
$887,001 - $1,183,000
24.7%
24.7%
$592,001 - $887,000
22.6%
22.6%
$473,001 - $592,000
7.0%
7.0%
$355,001 - $473,000
2.9%
2.9%
$237,001 - $355,000
1.8%
1.8%
$118,001 - $237,000
1.0%
1.0%
$59,001 - $118,000
0.4%
0.4%
$0 - $59,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
30,849

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
109.37% 3.63%
10
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,428 / per month

Homeownership Rate

Owners
65.3%
65.3%
Renters
34.7%
34.7%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
7.1%
7.1%
1970 - 1999
14.6%
14.6%
1940 - 1969
26.9%
26.9%
1939 or Older
51.3%
51.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.5%
56.5%
Townhomes
6.9%
6.9%
Small Apt. Buildings
21.4%
21.4%
Apt. Complexes
15.1%
15.1%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
10.7%
10.7%
2 Bedrooms
19.4%
19.4%
3 Bedrooms
32.2%
32.2%
4 Bedrooms
22.6%
22.6%
5 or more bedrooms
13.9%
13.9%
0.0% 100.0%
% OF HOMES