Newland, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newland Neighborhoods Since 2000




Newland, NC 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

Newland Housing Market Information

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.

Newland Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$140,828

Newland, NC HOME PRICES

Value Range
> $1,080,000 3.3
$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

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
54.3536856908473 48.0943738656987

Number Of Homes And Apartments:
361

Newland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
47.84% 2.29% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 48.98
Renters 51.02
Vacant 19.78

Housing Market Details

 

Age of Homes

AGE OF Newland HOMES
2000 or Newer 15.3
1970 - 1999 47.3
1940 - 1969 30.7
1939 or Older 6.7

Types of Homes

TYPE OF Newland HOMES
Single-Family 45.6
Townhomes 0.9
Small Apt. Buildings 6.7
Apt. Complexes 21.1
Mobile Homes 23.1
Other 2.7

Home Size

SIZE OF Newland HOMES
No Bedroom 0.00
1 Bedroom 15.78
2 Bedrooms 35.33
3 Bedrooms 33.78
4 Bedrooms 12.67
5 or more bedrooms 2.44