Newberg, MI is an attractive town for homeowners looking to invest in real estate. The median value of housing in Newberg is $209,300, lower than the US median house value at $338,100. However, the one year appreciation rate of 10.54% for housing in Newberg is higher than the US rate of 8.27%. This makes Newberg a great place to purchase a home, as the value of real estate is likely to increase over time. With its desirable location and steady growth in property values, Newberg has become an ideal choice for those looking to invest in their future.
The median home cost in Newberg is $209,300. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Newberg is up 14.9%.
Average Age of Homes
- The median age of Newberg real estate is 42 years old
The Rental Market in Newberg
- Renters make up 6.5% of the Newberg population
- 1.1% of houses and apartments in Newberg, 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.