Newburgh NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newburgh Housing Market Information

With a population of 28,177, 9,358 total housing units (homes and apartments), and a median house value of $204,955, 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 48.41% of the city's housing units. Other types of housing that are prevalent in Newburgh include single-family detached homes ( 24.94%), large apartment complexes or high rise apartments ( 18.24%), and a few row houses and other attached homes ( 7.85%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Newburgh is dominated by renter-occupied one, two, or no bedrooms apartments. 70.50% of Newburgh's dwellings are rentals.

The housing in Newburgh was primarily built before 1939 ( 59.80%), 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 ( 26.05%), followed by between 1970-1999 ( 11.95%). There's also some housing in Newburgh built between 2000 and later ( 2.19%).

Vacant housing appears to be an issue in Newburgh. Fully 20.46% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Newburgh, where house values have increased just 0.31%, which is annualized rate of 0.03%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 3.50%, 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 0.74%, which equates to an annual appreciation rate of 2.99%.

Notably, Newburgh's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Newburgh's latest annual appreciation rate is higher than 50% 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:
$204,955

Newburgh, NY HOME PRICES

Value Range
> $1,221,000 0.4
$916,001 - $1,221,000 0.3
$611,001 - $916,000 4.2
$489,001 - $611,000 1.5
$366,001 - $489,000 5.3
$244,001 - $366,000 27.2
$122,001 - $244,000 49.5
$61,001 - $122,000 9.6
$0 - $61,000 2.0

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
40.5664233576642 49.4444444444444

Number Of Homes And Apartments:
9,358

Newburgh Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
55.81% 2.16%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,741 / per month

Homeownership Rate

Homeownership
Owners 29.50
Renters 70.50
Vacant 20.46

Housing Market Details

 

Age of Homes

AGE OF Newburgh HOMES
2000 or Newer 2.2
1970 - 1999 12.0
1940 - 1969 26.1
1939 or Older 59.8

Types of Homes

TYPE OF Newburgh HOMES
Single-Family 24.9
Townhomes 7.9
Small Apt. Buildings 48.4
Apt. Complexes 18.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Newburgh HOMES
No Bedroom 6.37
1 Bedroom 20.80
2 Bedrooms 31.44
3 Bedrooms 30.23
4 Bedrooms 7.85
5 or more bedrooms 3.31