Newburgh, IN Real Estate
According to census data in the year 2000 there were 1,474 housing units in Newburgh.
This represents a 14.4% growth from 1,288 in 1990.
Of those housing units, 1,474 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newburgh is about 73.3%.
Newburgh's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Newburgh were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12.60% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 35.50% |
| Four Bedrooms | 14.90% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $99,600 |
| Median Price asked for vacant units | $172,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.83 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 53.20% |
| Debt Free | 27.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
