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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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 a population of 28,856, 10,268 total housing units (homes and apartments), and a median house value of $266,118, Newburgh real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Newburgh, accounting for 40.24% of the city's housing units. Other types of housing that are prevalent in Newburgh include single-family detached homes ( 27.56%), large apartment complexes or high rise apartments ( 24.77%), and a few row houses and other attached homes ( 6.94%). 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. 68.92% of Newburgh's dwellings are rentals.

The housing in Newburgh was primarily built before 1939 ( 59.65%), 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 ( 23.86%), followed by between 1970-1999 ( 14.50%). There's also some housing in Newburgh built between 2000 and later ( 1.99%).

Vacant housing appears to be an issue in Newburgh. Fully 13.98% 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 4.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Newburgh's appreciation rate, at 16.14%, has been at or slightly above the national average. In the latest quarter, Newburgh's appreciation rate has been 2.91%, which annualizes to a rate of 12.16%.

Relative to New York, our data show that Newburgh's latest annual appreciation rate is higher than 90% 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:
$266,118

Newburgh, NY HOME PRICES

> $1,538,000
$1,153,001 - $1,538,000
$769,001 - $1,153,000
$615,001 - $769,000
$461,001 - $615,000
$308,001 - $461,000
$154,001 - $308,000
$77,001 - $154,000
$0 - $77,000
0.4%
0.4%
0.0%
0.0%
1.9%
1.9%
1.3%
1.3%
3.6%
3.6%
14.2%
14.2%
57.7%
57.7%
19.2%
19.2%
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for NY

Value Relative To Nation

Number Of Homes And Apartments:
10,268

Newburgh Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
101.14% 3.15%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,790 / per month

Homeownership Rate

Owners
Renters
Vacant
31.1%
31.1%
68.9%
68.9%
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.0%
2.0%
14.5%
14.5%
23.9%
23.9%
59.6%
59.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
27.6%
27.6%
6.9%
6.9%
40.2%
40.2%
24.8%
24.8%
0.5%
0.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.6%
6.6%
24.1%
24.1%
30.9%
30.9%
27.2%
27.2%
8.8%
8.8%
2.5%
2.5%
0.0% 100.0%
% OF HOMES