Newton, MA Real Estate
According to census data in the year 2000 there were 32,112 housing units in Newton.
This represents a 5.3% growth from 30,497 in 1990.
Of those housing units, 32,112 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Newton is about 69.6%.
Newton's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Newton were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 12.10% |
| Two Bedrooms | 23.50% |
| Three Bedrooms | 32.80% |
| Four Bedrooms | 19.10% |
| Five Bedrooms or more | 11% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $438,400 |
| Median Price asked for vacant units | $446,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $1,095 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 12.60% |
| Simple Mortgage | 49.80% |
| Debt Free | 33.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
