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 7,847, 2,649 total housing units (homes and apartments), and a median house value of $399,554, Newberry real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Newberry, accounting for 89.43% of the city's housing units. Other types of housing that are prevalent in Newberry include mobile homes or trailers ( 8.14%), duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newberry. Owner-occupied housing accounts for 87.88% of Newberry's homes, and 84.55% have either three or four bedrooms, which is average sized relative to America.
Newberry homes and real estate are some of the newest in America. 55.65% of Newberry's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Newberry real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.20%), and between 1940-1969 ( 10.30%).
In the last 10 years, Newberry has experienced some of the highest home appreciation rates of any community in the nation. Newberry real estate appreciated 127.79% over the last ten years, which is an average annual home appreciation rate of 8.58%, putting Newberry in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newberry definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Newberry that despite a nationwide downturn in the housing market, Newberry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newberry appreciation rates continue to be some of the highest in America, at 13.12%, which is higher than appreciation rates in 95.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newberry. Newberry appreciation rates in the latest quarter were at 5.35%, which equates to an annual appreciation rate of 23.17%.
Importantly, this makes Newberry one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Newberry's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
$399,554
for Florida
for nation
2,649
$1,900 / per month