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 18,392, 7,291 total housing units (homes and apartments), and a median house value of $208,497, 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 79.30% of the city's housing units. Other types of housing that are prevalent in Newton include duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), large apartment complexes or high rise apartments ( 5.61%), and a few row houses and other attached homes ( 4.69%).
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 67.32% of Newton's homes, and 52.16% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newton's housing was primarily built during this period, from the '40s through the '60s. A full 33.39% of the city's housing hails from this era. Other housing ages represented in Newton include homes built between 1970-1999 ( 28.63%) and housing constructed before 1939 ( 24.49%). There's also some housing in Newton built between 2000 and later ( 13.48%).
Vacant housing appears to be an issue in Newton. Fully 11.59% 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.
Real estate appreciation rates in Newton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.75% during the period.
NeighborhoodScout's data show that during the latest twelve months, Newton's appreciation rate, at 7.55%, has been at or slightly above the national average. In the latest quarter, Newton's appreciation rate has been -0.13%, which annualizes to a rate of -0.54%.
Notably, Newton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Kansas, our data show that Newton's latest annual appreciation rate is higher than 70% of the other cities and towns in Kansas.
$208,497
for Kansas
for nation
7,291
$1,337 / per month