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These days, finding an affordable place to live in the Newberry area can be challenging. Home prices in Newberry are now at a median cost of $89,215, lower than the Michigan average of $250,415.
The average cost of rent is $653/mo in Newberry, primarily driven by the current value of real estate in the Newberry area. In Newberry, 23.39% of households rent, and 56.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newberry is $4,228 per month. Households that rent pay about 15.44% of their income on rent here. Newberry’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dollarville, MI: higher priced homes
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- Pine Stump Junction, MI: higher priced homes
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- Hulbert, MI: higher priced homes
Cities with Similar Populations
- Rockwell City, IA: higher priced homes
- Lake Success, NY: higher priced homes
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- Peachland, NC: higher priced homes
- Pocono Lake, PA: higher priced homes
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