Newton Falls, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newton Falls Neighborhoods Since 2000




Newton Falls, OH 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 Falls Housing Market Information

With a population of 4,654, 2,269 total housing units (homes and apartments), and a median house value of $109,893, house prices in Newton Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Newton Falls, accounting for 56.78% of the city's housing units. Other types of housing that are prevalent in Newton Falls include duplexes, homes converted to apartments or other small apartment buildings ( 22.17%), large apartment complexes or high rise apartments ( 18.41%), and a few row houses and other attached homes ( 2.17%).

People in Newton Falls primarily live in small (one, two or no bedroom) single-family detached homes. Newton Falls 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 Falls's housing was primarily built during this period, from the '40s through the '60s. A full 42.67% of the city's housing hails from this era. Other housing ages represented in Newton Falls include homes built between 1970-1999 ( 29.60%) and housing constructed before 1939 ( 23.17%). There's also some housing in Newton Falls built between 2000 and later ( 4.55%).

Newton Falls Home Appreciation Rates

Real estate appreciation rates in Newton Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

Appreciation rates are so strong in Newton Falls that despite a nationwide downturn in the housing market, Newton Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newton Falls appreciation rates continue to be some of the highest in America, at 10.93%, which is higher than appreciation rates in 95.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newton Falls. Newton Falls appreciation rates in the latest quarter were at 2.15%, which equates to an annual appreciation rate of 8.89%.

Importantly, this makes Newton Falls one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Newton Falls's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$109,893

Newton Falls, OH HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 0.0
$571,001 - $856,000 0.0
$457,001 - $571,000 0.0
$342,001 - $457,000 0.0
$228,001 - $342,000 5.3
$114,001 - $228,000 36.7
$57,001 - $114,000 42.5
$0 - $57,000 15.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
71.440290636353 71.6535433070866

Number Of Homes And Apartments:
2,269

Newton Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
1.08% 0.06% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$746 / per month

Homeownership Rate

Homeownership
Owners 50.60
Renters 49.40
Vacant 5.26

Housing Market Details

 

Age of Homes

AGE OF Newton Falls HOMES
2000 or Newer 4.6
1970 - 1999 29.6
1940 - 1969 42.7
1939 or Older 23.2

Types of Homes

TYPE OF Newton Falls HOMES
Single-Family 56.8
Townhomes 2.2
Small Apt. Buildings 22.2
Apt. Complexes 18.4
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Newton Falls HOMES
No Bedroom 2.00
1 Bedroom 16.78
2 Bedrooms 36.74
3 Bedrooms 36.03
4 Bedrooms 5.89
5 or more bedrooms 2.55