Zip 61942 (Newman, IL) Housing

The housing market in Newman, IL (zip code 61942) is booming. The median value of homes in the area is $87,500, significantly lower than the US house median value of $338,100. However, the appreciation rate for houses in this region over the past year has been quite impressive at 18.98%, far higher than the national average of 8.27%. This high rate of appreciation indicates that now is a great time to buy real estate in Newman, IL as prices are expected to continue to increase in the foreseeable future.

The median home cost in Newman (zip 61942) is $87,500. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Newman (zip 61942) is up 13.5%.

Average Age of Homes

- The median age of Newman (zip 61942) real estate is 68 years old

The Rental Market in Newman (zip 61942)

- Renters make up 23.0% of the Newman (zip 61942) population
- 1.2% of houses and apartments in Newman (zip 61942), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newman, Illinois	United States
	569.0	139,647,020.0
	63	42
	$87,500	$338,100
	13.5%	16.6%
	34.7%	57.0%
	43.3%	101.1%
	$17.01	$10.98
	$1,556	$2,690
	70.5%	57.4%
	21.6%	11.2%
	7.9%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	1.9%	0.4%
	4.4%	3.6%
	13.5%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	11.7%	2.4%
	10.5%	2.8%
	11.5%	3.9%
	22.4%	4.5%
	16.2%	11.3%
	23.2%	13.0%
	0.0%	20.1%
	1.0%	13.6%
	0.0%	8.3%
	2.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	15.6%	13.6%
	4.6%	13.2%
	13.4%	14.8%
	15.6%	13.6%
	12.8%	10.0%
	6.0%	4.7%
	33.6%	12.2%

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