Home Price Key
Affordable
Average
Expensive
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 $58,961, lower than the North Carolina average of $226,477.
The average cost of rent is $433/mo in New Town, primarily driven by the current value of real estate in the New Town area. While nearly 67.49% of residents own their homes outright in New Town, 43.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Town is $2,446 per month. Households that rent pay about 17.71% of their income on rent here. New Town's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hamlet, NC: higher priced homes
- Oak Ridge Park, NC: higher priced homes
- Dobbins Heights, NC: higher priced homes
- Steen Town, NC: equally priced homes
- East Rockingham, NC: higher priced homes
- Old Hundred, NC: equally priced homes
- Cordova, NC: higher priced homes
- Rockingham, NC: higher priced homes
- Gibson, NC: equally priced homes
- Laurel Hill, NC: higher priced homes
Cities with Similar Populations
- Chase, KS: higher priced homes
- Wells Tannery, PA: higher priced homes
- Warwicktown, TN: higher priced homes
- Waite Hill, OH: higher priced homes
- Victoria, IL: higher priced homes
- Clearfield, IA: higher priced homes
- Clarksville, NY: higher priced homes
- Choestoe, GA: higher priced homes
- Chloride, AZ: higher priced homes
- Chester, SD: higher priced homes
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