Newton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Newton Neighborhoods Since 2000




Newton, NJ Real Estate Data


Newton Housing Market Information

With a population of 7,979, 3,170 total housing units (homes and apartments), and a median house value of $223,020, Newton real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Newton homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Newton, accounting for 44.68% of the town's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 36.71%), duplexes, homes converted to apartments or other small apartment buildings ( 14.30%), and a few row houses and other attached homes ( 4.31%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newton's housing was primarily built during this period, from the '40s through the '60s. A full 32.17% of the town's housing hails from this era. Other housing ages represented in Newton include homes built between 1970-1999 ( 30.07%) and housing constructed before 1939 ( 29.05%). There's also some housing in Newton built between 2000 and later ( 8.71%).

Vacant housing appears to be an issue in Newton. Fully 10.07% 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

Homes have actually lost value in Newton over the last then years, as home values have seen a decline of 27.15% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Newton home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New Jersey, our data show that Newton's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$223,020

Newton, NJ HOME PRICES

Value Range
> $1,011,000 0.0
$758,001 - $1,011,000 0.4
$505,001 - $758,000 2.7
$405,001 - $505,000 6.0
$304,001 - $405,000 13.8
$202,001 - $304,000 38.2
$101,001 - $202,000 35.4
$51,001 - $101,000 0.9
$0 - $51,000 2.6

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
27.967441588101 83.739837398374

Number Of Homes And Apartments:
3,170

Rent & Ownership

 

Average Market Rent:
$1,204 / per month

Homeownership Rate

Homeownership
Owners 45.74
Renters 54.26
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 8.7
1970 - 1999 30.1
1940 - 1969 32.2
1939 or Older 29.0

Types of Homes

TYPE OF Newton HOMES
Single-Family 44.7
Townhomes 4.3
Small Apt. Buildings 14.3
Apt. Complexes 36.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 3.43
1 Bedroom 26.24
2 Bedrooms 31.15
3 Bedrooms 23.97
4 Bedrooms 13.25
5 or more bedrooms 1.96

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
26.92% 1.41% 1 3
* 10 is highest