Newton, IA Real Estate
According to census data in the year 2000 there were 7,165 housing units in Newton.
This represents a 10.6% growth from 6,477 in 1990.
Of those housing units, 7,096 were located in either urbanized areas or urban clusters, and 69 were located in what is classified as a rural area.
Homeownership rate in Newton is about 69%.
Newton's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Newton were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 15% |
| Two Bedrooms | 36.80% |
| Three Bedrooms | 33.60% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $78,700 |
| Median Price asked for vacant units | $91,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $402 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 48.30% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
