The housing in Newberry, SC Metro Area is very desirable due to its median value being significantly lower than the US median house value at $191,300. This makes it an attractive option for those looking to purchase a home without breaking the bank. In addition, the one-year house appreciation rate in Newberry is higher than the national average of 8.27%, with an impressive growth rate of 18.16%. This means that homeowners in this area are seeing larger returns on their investments compared to other areas in the country, making it a great place to live and invest.
The median home cost in Newberry Metro Area is $191,300. Home appreciation the last 10 years has been 72.5%. Home Appreciation in Newberry Metro Area is up 23.0%.
Average Age of Homes
- The median age of Newberry Metro Area real estate is 36 years old
The Rental Market in Newberry Metro Area
- Renters make up 21.4% of the Newberry Metro Area population
- 1.2% of houses and apartments in Newberry Metro Area, 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.