Newton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newton, NC Real Estate Data


Newton Housing Market Information

With a population of 13,035, 5,018 total housing units (homes and apartments), and a median house value of $122,986, 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 65.83% of the city's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 14.94%), duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), and a few mobile homes or trailers ( 6.59%).

People in Newton primarily live in small (one, two or no bedroom) single-family detached homes. Newton has a mixture of owner-occupied and renter-occupied housing.

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 ( 39.21%). A lesser amount of the housing stock also hails from before 1939 ( 9.91%). There's also some housing in Newton built between 2000 and later ( 8.54%).

Vacant housing appears to be an issue in Newton. Fully 14.15% of the housing stock is classified as vacant. Left unchecked, vacant Newton homes and apartments can be a drag on the real estate market, holding Newton 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.

Newton Home Appreciation Rates

Real estate appreciation rates in Newton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

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 1.54%, 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 1.27%, which equates to an annual appreciation rate of 5.20%.

Relative to North Carolina, our data show that Newton's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

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

 

Median Home Value:
$122,986

Newton, NC HOME PRICES

Value Range
> $1,047,000 0.4
$785,001 - $1,047,000 0.1
$523,001 - $785,000 1.4
$419,001 - $523,000 1.5
$314,001 - $419,000 3.0
$209,001 - $314,000 8.2
$105,001 - $209,000 43.3
$52,001 - $105,000 32.8
$0 - $52,000 9.2

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
64.6190782924401 62.6134301270417

Number Of Homes And Apartments:
5,018

Rent & Ownership

 

Average Market Rent:
$724 / per month

Homeownership Rate

Homeownership
Owners 56.43
Renters 43.57
Vacant 14.15

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 8.5
1970 - 1999 42.3
1940 - 1969 39.2
1939 or Older 9.9

Types of Homes

TYPE OF Newton HOMES
Single-Family 65.8
Townhomes 2.2
Small Apt. Buildings 10.5
Apt. Complexes 14.9
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 0.99
1 Bedroom 7.08
2 Bedrooms 41.97
3 Bedrooms 38.84
4 Bedrooms 10.33
5 or more bedrooms 0.79

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
7.10% 0.40% 1 1
* 10 is highest