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 Type | 1.40% |
| One Bedroom | 10.40% |
| Two Bedrooms | 36.60% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 8.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $83,900 |
| Median Price asked for vacant units | $77,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $429 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 12% |
| Simple Mortgage | 45.40% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
