menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newton, NC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newton, NC Housing Market Trends

With a population of 13,337, 5,233 total housing units (homes and apartments), and a median house value of $201,393, 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 71.65% of the city's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 12.80%), duplexes, homes converted to apartments or other small apartment buildings ( 6.71%), and a few row houses and other attached homes ( 6.17%).

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 62.11% owning and 37.89% renting.

There is a lot of housing in Newton 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 Newton built between 1940-1969 ( 24.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.79%). There's also some housing in Newton built before 1939 ( 10.39%).

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 92.12%, which ranks in the top 40% nationwide. This equates to an annual average Newton house appreciation rate of 6.75%.

NeighborhoodScout's data show that during the latest twelve months, Newton's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Newton's appreciation rate has been 1.41%, which annualizes to a rate of 5.75%.

Relative to North Carolina, our data show that Newton's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$201,393

Newton, NC Home Prices
> $1,379,000
$1,034,001 - $1,379,000
$689,001 - $1,034,000
$552,001 - $689,000
$414,001 - $552,000
$276,001 - $414,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
1.0%
1.0%
0.3%
0.3%
1.0%
1.0%
2.1%
2.1%
9.6%
9.6%
18.5%
18.5%
43.4%
43.4%
21.1%
21.1%
2.9%
2.9%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

5,233

Newton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,606 / per month

Homeownership Rate

Owners
Renters
62.1%
62.1%
37.9%
37.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
49.7%
49.7%
24.1%
24.1%
10.4%
10.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.6%
71.6%
6.2%
6.2%
6.7%
6.7%
12.8%
12.8%
2.7%
2.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
6.2%
6.2%
32.0%
32.0%
51.8%
51.8%
8.1%
8.1%
1.3%
1.3%
0% 100.0%
% of Homes