Newton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newton Neighborhoods Since 2000




Newton, NJ 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

Newton Housing Market Information

With a population of 7,979, 3,258 total housing units (homes and apartments), and a median house value of $218,699, 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 45.76% of the town's housing units. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 35.02%), duplexes, homes converted to apartments or other small apartment buildings ( 14.79%), and a few row houses and other attached homes ( 4.43%).

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 33.55% of the town's housing hails from this era. Other housing ages represented in Newton include homes built before 1939 ( 31.05%) and housing constructed between 1970-1999 ( 28.52%). There's also some housing in Newton built between 2000 and later ( 6.88%).

Vacant housing appears to be an issue in Newton. Fully 11.42% 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 33.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Newton home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

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 -1.14%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Newton's latest annual appreciation rate is lower than 90% 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:
$218,699

Newton, NJ HOME PRICES

Value Range
> $981,000 0.0
$736,001 - $981,000 0.4
$490,001 - $736,000 1.3
$392,001 - $490,000 4.1
$294,001 - $392,000 9.0
$196,001 - $294,000 41.5
$98,001 - $196,000 40.4
$49,001 - $98,000 0.9
$0 - $49,000 2.2

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
27.9385913512247 81.7073170731707

Number Of Homes And Apartments:
3,258

Newton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
17.61% 0.94% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,575 / per month

Homeownership Rate

Homeownership
Owners 43.74
Renters 56.26
Vacant 11.42

Housing Market Details

 

Age of Homes

AGE OF Newton HOMES
2000 or Newer 6.9
1970 - 1999 28.5
1940 - 1969 33.6
1939 or Older 31.0

Types of Homes

TYPE OF Newton HOMES
Single-Family 45.8
Townhomes 4.4
Small Apt. Buildings 14.8
Apt. Complexes 35.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Newton HOMES
No Bedroom 3.13
1 Bedroom 26.43
2 Bedrooms 30.59
3 Bedrooms 25.37
4 Bedrooms 12.18
5 or more bedrooms 2.31