The housing market in Newton, IL is much more affordable than the nationwide average. The median value of homes in Newton sits at $100,600, significantly lower than the US House Median Value of $338,100. Despite recent dips in the market due to the pandemic, homes in Newton have still seen a modest year-over-year appreciation rate of 7.94%, slightly lower than the US average of 8.27%. Overall, those looking for a home in an affordable area could find great value in Newton's housing market.
The median home cost in Newton is $100,600. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Newton is up 9.4%.
Average Age of Homes
- The median age of Newton real estate is 50 years old
The Rental Market in Newton
- Renters make up 22.4% of the Newton population
- 2.2% of houses and apartments in Newton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.