The housing market in Newburg, MO is an attractive one for potential homebuyers. With a median value of $65,000, it is significantly lower than the US median house value of $338,100. Furthermore, the appreciation rate for houses in Newburg over the last year was 13.45%, which was higher than the US average of 8.27%. This indicates that investing in real estate in this area is a great opportunity for those looking to buy property and benefit from potential value increases.
The median home cost in Newburg is $65,000. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Newburg is up 17.1%.
Average Age of Homes
- The median age of Newburg real estate is 69 years old
The Rental Market in Newburg
- Renters make up 26.2% of the Newburg population
- 1.4% of houses and apartments in Newburg, 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.