Newton, AL Real Estate
According to census data in the year 2000 there were 809 housing units in Newton.
This represents a 28% growth from 632 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 809 were located in what is classified as a rural area.
Homeownership rate in Newton is about 76%.
Newton's vacancy rate, including seasonal lodging, is about 12%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Newton were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 5.30% |
| Two Bedrooms | 23.60% |
| Three Bedrooms | 57.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $60,700 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $110 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 50% |
| Debt Free | 40.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
