Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Newburg area can be challenging. Home prices in Newburg are now at a median cost of $214,100, lower than the Minnesota average of $269,934.
The average cost of rent is $730/mo in Newburg, primarily driven by the current value of real estate in the Newburg area. While nearly 46.58% of residents own their homes outright in Newburg, 11.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newburg is $5,402 per month. Households that rent pay about 13.51% of their income on rent here. Newburg's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Lenora, MN: less expensive homes
- Prosper, MN: less expensive homes
- Mabel, MN: less expensive homes
- Tawney, MN: equally priced homes
- Riceford, MN: less expensive homes
- Hesper, IA: equally priced homes
- Canton, MN: less expensive homes
- Burr Oak, IA: equally priced homes
- Newhouse, MN: less expensive homes
- Spring Grove, MN: less expensive homes
Cities with Similar Populations
- Fontana Dam, NC: less expensive homes
- Turnbull, MS: less expensive homes
- Furniss, PA: higher priced homes
- Fulton, TN: less expensive homes
- Fulda, OH: less expensive homes
- Frogmore, LA: less expensive homes
- Frederick, OH: higher priced homes
- Fountain Green, IL: less expensive homes
- Fountain, AL: less expensive homes
- Foster, TX: less expensive homes
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