Newburgh, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Newburgh Neighborhoods Since 2000




Newburgh, NY 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

Newburgh Housing Market Information

With 28,290 people, 8,643 houses or apartments, and a median cost of homes of $168,566, 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 48.84% of the city's housing units. Other types of housing that are prevalent in Newburgh include single-family detached homes ( 24.22%), large apartment complexes or high rise apartments ( 19.42%), and a few row houses and other attached homes ( 7.37%). 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. 68.80% of Newburgh's dwellings are rentals.

The housing in Newburgh was primarily built before 1939 ( 62.16%), 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 ( 20.06%), followed by between 1970-1999 ( 14.89%). There's also some housing in Newburgh built between 2000 and later ( 2.89%).

Vacant housing appears to be an issue in Newburgh. Fully 21.25% 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

Homes have actually lost value in Newburgh over the last then years, as home values have seen a decline of 33.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Newburgh home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Newburgh appreciation rates have trailed the rest of the nation. In the last twelve months, Newburgh's appreciation rate has been 0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newburgh were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Newburgh's latest annual appreciation rate is lower than 80% 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:
$168,566

Newburgh, NY HOME PRICES

Value Range
> $984,000 0.8
$738,001 - $984,000 0.3
$492,001 - $738,000 1.2
$393,001 - $492,000 1.0
$296,001 - $393,000 10.9
$197,001 - $296,000 28.6
$99,001 - $197,000 44.5
$49,001 - $99,000 11.3
$0 - $49,000 1.3

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
42.1422711824681 52.1885521885522

Number Of Homes And Apartments:
8,643

Newburgh Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
27.98% 1.44% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,552 / per month

Homeownership Rate

Homeownership
Owners 31.20
Renters 68.80
Vacant 21.25

Housing Market Details

 

Age of Homes

AGE OF Newburgh HOMES
2000 or Newer 2.9
1970 - 1999 14.9
1940 - 1969 20.1
1939 or Older 62.2

Types of Homes

TYPE OF Newburgh HOMES
Single-Family 24.2
Townhomes 7.4
Small Apt. Buildings 48.8
Apt. Complexes 19.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Newburgh HOMES
No Bedroom 6.89
1 Bedroom 18.87
2 Bedrooms 28.78
3 Bedrooms 32.30
4 Bedrooms 9.08
5 or more bedrooms 4.07