Zip 49868 (Newberry, MI) Housing

Newberry, MI is a small city located in the Upper Peninsula of Michigan. According to recent data, the median value of housing in Newberry is $79,000. This is considerably lower than the US median house value of $338,100. However, the one year house appreciation rate in Newberry is 12.90%, significantly higher than the 8.27% national average. These figures suggest that housing for sale in Newberry may be a wise investment for potential buyers looking to take advantage of an increase in home values over time.

The median home cost in Newberry (zip 49868) is $79,000. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Newberry (zip 49868) is up 23.1%.

Average Age of Homes

- The median age of Newberry (zip 49868) real estate is 44 years old

The Rental Market in Newberry (zip 49868)

- Renters make up 17.4% of the Newberry (zip 49868) population
- 0.6% of houses and apartments in Newberry (zip 49868), 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	Newberry, Michigan	United States
	2,953.0	139,647,020.0
	46	42
	$79,000	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$11.76	$10.98
	$941	$2,690
	42.3%	57.4%
	42.3%	11.2%
	15.3%	31.4%
Vacant Housing
	0.6%	1.9%
	0.3%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	34.3%	3.6%
	7.1%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	14.3%	2.4%
	12.6%	2.8%
	18.3%	3.9%
	14.8%	4.5%
	14.2%	11.3%
	9.7%	13.0%
	8.2%	20.1%
	1.6%	13.6%
	0.1%	8.3%
	1.5%	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%
	10.9%	13.6%
	10.9%	13.6%
	15.5%	13.6%
	11.9%	13.2%
	19.0%	14.8%
	15.5%	13.6%
	7.2%	10.0%
	5.4%	4.7%
	15.1%	12.2%

Reviews for Newberry

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Kal · Newberry, MI

Not tolerantance of outsiders moving in

Over 6 years ago

I have lived outside of the Village for 15 years and have owned property here for 25 years. Taxes are high, low on services. I often find that doing business here is More