The housing market in 62448 Newton, IL is doing well compared to the US average. The housing median value in 62448 Newton is $105,200 while the US median value is much higher at $338,100. Despite this difference in values, the appreciation rate of houses in 62448 Newton over the past year has been 7.94%, only 0.3% lower than the 8.27% national average. This indicates that the housing market in 62448 Newton is stable and performing similarly to that of the rest of the country.
The median home cost in Newton (zip 62448) is $105,200. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Newton (zip 62448) is up 9.4%.
Average Age of Homes
- The median age of Newton (zip 62448) real estate is 46 years old
The Rental Market in Newton (zip 62448)
- Renters make up 14.0% of the Newton (zip 62448) population
- 1.3% of houses and apartments in Newton (zip 62448), 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.