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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 686 people, 361 houses or apartments, and a median cost of homes of $140,828, Newland real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Newland, accounting for 45.56% of the town's housing units. Other types of housing that are prevalent in Newland include mobile homes or trailers ( 23.11%), large apartment complexes or high rise apartments ( 21.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.67%).
People in Newland primarily live in small (one, two or no bedroom) single-family detached homes. Newland has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Newland 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 Newland built between 1940-1969 ( 30.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.33%). There's also some housing in Newland built before 1939 ( 6.67%).
Vacant housing appears to be an issue in Newland. Fully 19.78% of the housing stock is classified as vacant. Left unchecked, vacant Newland homes and apartments can be a drag on the real estate market, holding Newland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Newland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.
NeighborhoodScout's data show that during the latest twelve months, Newland's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Newland's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.
Notably, Newland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Newland's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
|$810,001 - $1,080,000||2.1|
|$540,001 - $810,000||0.3|
|$432,001 - $540,000||2.6|
|$324,001 - $432,000||8.3|
|$216,001 - $324,000||17.5|
|$108,001 - $216,000||30.5|
|$54,001 - $108,000||19.8|
|$0 - $54,000||15.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Newland HOMES|
|2000 or Newer||15.3|
|1970 - 1999||47.3|
|1940 - 1969||30.7|
|1939 or Older||6.7|
|TYPE OF Newland HOMES|
|Small Apt. Buildings||6.7|
|SIZE OF Newland HOMES|
|5 or more bedrooms||2.44|