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Affordable
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These days, finding an affordable place to live in the New Town area can be challenging. Home prices in New Town are now at a median cost of $314,670, higher than the Mississippi average of $183,008.
The average cost of rent is $1,204/mo in New Town, primarily driven by the current value of real estate in the New Town area. In New Town, 9.95% of households rent, and 29.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Town is $7,346 per month. Households that rent pay about 16.40% of their income on rent here. New Town’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Buckley, IL: less expensive homes
- Bridgewater, MI: higher priced homes
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