Housing in Newton, NJ is on the rise. The median value of a house in Newton is $350,200, considerably higher than the US median value of $338,100. In addition, the one year appreciation rate for houses in Newton is 10.13%, which is higher than the national average of 8.27%. This indicates that housing prices are increasing rapidly and that investing in housing in Newton is an attractive option for prospective homeowners.
The median home cost in Newton is $350,200. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Newton is up 14.2%.
Average Age of Homes
- The median age of Newton real estate is 63 years old
The Rental Market in Newton
- Renters make up 45.4% of the Newton population
- 4.7% 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.