NeighborhoodScout has calculated and provides home appreciation rates as a NeighborhoodScout reveals the home appreciation rates for every city, town, Relative to North Carolina, our data show that Newton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.Īppreciation Rates NeighborhoodScout's ® Exclusive Home Appreciation Rates Newton appreciation rates in the latest quarter were at 4.46%, which equates to an annual appreciation rate of 19.08%. Based on the last twelve months, short-term real estate investors have found good fortune in Newton. Looking at just the latest twelve months, Newton appreciation rates continue to be some of the highest in America, at 19.27%, which is higher than appreciation rates in 85.62% of the cities and towns in the nation. This equates to an annual average Newton house appreciation rate of 6.11%.Īppreciation rates are so strong in Newton that despite a nationwide downturn in the housing market, Newton real estate has continued to appreciate in value faster than most communities. The cumulative appreciation rate over the ten years has been 80.96%, which ranks in the top 40% nationwide. Newton Home Appreciation RatesĪppreciation rates for homes in Newton have been tracking above average for the last ten years, according to NeighborhoodScout data. There's also some housing in Newton built before 1939 ( 8.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.89%). There is also a lot of housing in Newton built between 1940-1969 ( 23.93%). There is a lot of housing in Newton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. The city has a mixture of owners and renters, with 60.34% owning and 39.66% renting. The most prevalent building size and type in Newton are three and four bedroom dwellings, chiefly found in single-family detached homes. Other types of housing that are prevalent in Newton include large apartment complexes or high rise apartments ( 12.83%), duplexes, homes converted to apartments or other small apartment buildings ( 7.23%), and a few row houses and other attached homes ( 6.33%). Single-family detached homes are the single most common housing type in Newton, accounting for 69.20% of the city's housing units. With 13,187 people, 5,178 houses or apartments, and a median cost of homes of $191,259, house prices in Newton are solidly below the national average.
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