Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 12,207 people, 3,638 houses or apartments, and a median cost of homes of $500,881, Newman real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Newman, accounting for 84.25% of the city's housing units. Other types of housing that are prevalent in Newman include large apartment complexes or high rise apartments ( 9.20%), row houses and other attached homes ( 3.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newman. Owner-occupied housing accounts for 70.97% of Newman's homes, and 69.08% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Newman built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newman built between 2000 and later ( 38.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.80%). There's also some housing in Newman built before 1939 ( 10.33%).
In the last 10 years, Newman has experienced some of the highest home appreciation rates of any community in the nation. Newman real estate appreciated 137.46% over the last ten years, which is an average annual home appreciation rate of 9.03%, putting Newman in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newman definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Newman appreciation rates have trailed the rest of the nation. In the last twelve months, Newman's appreciation rate has been 4.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newman were at 0.21%, which equates to an annual appreciation rate of 0.82%.
Notably, Newman's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Newman's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
$500,881
for California
for nation
3,638
$1,616 / per month