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Newton, NC Real Estate


According to census data in the year 2000 there were 5,456 housing units in Newton. This represents a 36.9% growth from 3,986 in 1990.

Of those housing units, 5,323 were located in either urbanized areas or urban clusters, and 133 were located in what is classified as a rural area.

Homeownership rate in Newton is about 63%. Newton's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.47 people.

The majority of houses, apartments or condos in Newton were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom10.40%
Two Bedrooms36.60%
Three Bedrooms41.30%
Four Bedrooms8.40%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1964
Median Value of occupied units$83,900
Median Price asked for vacant units$77,100

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1974
Median Monthly Rent asked for vacant units$429

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6%
Home Equity Loan12%
Simple Mortgage45.40%
Debt Free36.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%