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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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 13,337 people, 5,309 houses or apartments, and a median cost of homes of $179,263, 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 70.84% of the city's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 13.57%), row houses and other attached homes ( 6.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).

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 63.42% owning and 36.58% 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 ( 22.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.88%). There's also some housing in Newton built before 1939 ( 10.46%).

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 87.47%, which ranks in the top 50% nationwide. This equates to an annual average Newton house appreciation rate of 6.49%.

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 2.71%, 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 -0.46%, which equates to an annual appreciation rate of -1.83%.

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

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

$179,263

Newton, NC Home Prices
> $1,492,000
$1,119,001 - $1,492,000
$746,001 - $1,119,000
$597,001 - $746,000
$447,001 - $597,000
$299,001 - $447,000
$149,001 - $299,000
$74,001 - $149,000
$0 - $74,000
0.0%
0.0%
1.1%
1.1%
0.9%
0.9%
2.5%
2.5%
6.4%
6.4%
12.7%
12.7%
44.8%
44.8%
28.2%
28.2%
3.2%
3.2%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

5,309

Newton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,471 / per month

Homeownership Rate

Owners
Renters
Vacant
63.4%
63.4%
36.6%
36.6%
7.6%
7.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.9%
15.9%
51.1%
51.1%
22.5%
22.5%
10.5%
10.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.8%
70.8%
6.3%
6.3%
5.5%
5.5%
13.6%
13.6%
3.8%
3.8%
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%
4.9%
4.9%
30.4%
30.4%
54.0%
54.0%
7.6%
7.6%
2.4%
2.4%
0% 100.0%
% of Homes