Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,624, 597 total housing units (homes and apartments), and a median house value of $197,852, house prices in Newton are solidly below the national average.
Single-family detached homes are the single most common housing type in Newton, accounting for 76.82% of the town's housing units. Other types of housing that are prevalent in Newton include mobile homes or trailers ( 18.17%), duplexes, homes converted to apartments or other small apartment buildings ( 4.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newton. Owner-occupied housing accounts for 82.24% of Newton's homes, and 69.81% have either three or four bedrooms, which is average sized relative to America.
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. There is also a lot of housing in Newton built between 1940-1969 ( 23.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.02%). There's also some housing in Newton built before 1939 ( 14.02%).
Vacant housing appears to be an issue in Newton. Fully 14.59% of the housing stock is classified as vacant. Left unchecked, vacant Newton homes and apartments can be a drag on the real estate market, holding Newton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Newton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newton during the period has been just 5.48%, which is lower than 70% of US communities.
Over the last year, Newton appreciation rates have trailed the rest of the nation. In the last twelve months, Newton's appreciation rate has been 2.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newton were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Newton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Newton's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.
$197,852
for Alabama
for nation
597
$1,564 / per month