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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.



Newburgh, NY 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

Newburgh, NY Housing Market Trends

With 28,501 people, 10,505 houses or apartments, and a median cost of homes of $282,746, Newburgh real estate and house prices are near the national average for all cities and towns.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Newburgh, accounting for 42.20% of the city's housing units. Other types of housing that are prevalent in Newburgh include single-family detached homes ( 27.82%), large apartment complexes or high rise apartments ( 23.17%), and a few row houses and other attached homes ( 6.29%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Newburgh is dominated by renter-occupied one, two, or no bedrooms apartments. 67.46% of Newburgh's dwellings are rentals.

The housing in Newburgh was primarily built before 1939 ( 53.51%), making the housing stock in Newburgh some of the oldest overall in America, although there is a range of ages of homes in Newburgh. The next most important housing age is between 1940-1969 ( 23.57%), followed by between 1970-1999 ( 19.21%). There's also some housing in Newburgh built between 2000 and later ( 3.71%).

Vacant housing appears to be an issue in Newburgh. Fully 12.50% of the housing stock is classified as vacant. Left unchecked, vacant Newburgh homes and apartments can be a drag on the real estate market, holding Newburgh 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.

Newburgh Home Appreciation Rates

Real estate appreciation rates in Newburgh's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.

NeighborhoodScout's data show that during the latest twelve months, Newburgh's appreciation rate, at 5.79%, has been at or slightly above the national average. In the latest quarter, Newburgh's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%.

Relative to New York, our data show that Newburgh's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newburgh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newburgh - 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 Newburgh real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$282,746

Newburgh, NY Home Prices
> $1,527,000
$1,145,001 - $1,527,000
$763,001 - $1,145,000
$611,001 - $763,000
$458,001 - $611,000
$305,001 - $458,000
$153,001 - $305,000
$76,001 - $153,000
$0 - $76,000
0.3%
0.3%
0.5%
0.5%
4.4%
4.4%
1.7%
1.7%
6.0%
6.0%
21.1%
21.1%
49.3%
49.3%
15.7%
15.7%
1.1%
1.1%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

10,505

Newburgh Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,988 / per month

Homeownership Rate

Owners
Renters
32.5%
32.5%
67.5%
67.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.5%
12.5%
87.5%
87.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
19.2%
19.2%
23.6%
23.6%
53.5%
53.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
27.8%
27.8%
6.3%
6.3%
42.2%
42.2%
23.2%
23.2%
0.5%
0.5%
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
8.9%
8.9%
21.5%
21.5%
31.0%
31.0%
26.9%
26.9%
8.7%
8.7%
3.0%
3.0%
0% 100.0%
% of Homes