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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newbern, TN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newbern, TN Housing Market Trends

With 3,274 people, 1,562 houses or apartments, and a median cost of homes of $145,421, house prices in Newbern are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Newbern, accounting for 74.77% of the town's housing units. Other types of housing that are prevalent in Newbern include duplexes, homes converted to apartments or other small apartment buildings ( 22.02%), mobile homes or trailers ( 1.61%).

The most prevalent building size and type in Newbern are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.27% owning and 36.73% renting.

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. Newbern's housing was primarily built during this period, from the '40s through the '60s. A full 36.67% of the town's housing hails from this era. Other housing ages represented in Newbern include homes built between 1970-1999 ( 30.86%) and housing constructed between 2000 and later ( 22.02%). There's also some housing in Newbern built before 1939 ( 10.45%).

Newbern Home Appreciation Rates

Newbern's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newbern during the period has been just 5.42%, which is lower than 80% of US communities.

Over the last year, Newbern appreciation rates have trailed the rest of the nation. In the last twelve months, Newbern's appreciation rate has been 5.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newbern were at 1.29%, which equates to an annual appreciation rate of 5.27%.

Relative to Tennessee, our data show that Newbern's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$145,421

Newbern, TN Home Prices
> $1,238,000
$929,001 - $1,238,000
$619,001 - $929,000
$495,001 - $619,000
$371,001 - $495,000
$248,001 - $371,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
1.2%
1.2%
0.0%
0.0%
9.1%
9.1%
4.8%
4.8%
6.4%
6.4%
5.9%
5.9%
30.5%
30.5%
31.4%
31.4%
10.7%
10.7%
0% 100.0%
% of Homes
Very Low

for Tennessee

Very Low

for nation

Number of Homes And Apartments:

1,562

Newbern Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,215 / per month

Homeownership Rate

Owners
Renters
63.3%
63.3%
36.7%
36.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.0%
22.0%
30.9%
30.9%
36.7%
36.7%
10.5%
10.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.8%
74.8%
0.6%
0.6%
22.0%
22.0%
1.0%
1.0%
1.6%
1.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
1.4%
1.4%
38.2%
38.2%
52.8%
52.8%
5.4%
5.4%
0.6%
0.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Newbern

Zip Codes in Newbern, TN