Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Newell South area can be challenging. Home prices in Newell South are now at a median cost of $165,110, lower than the Charlotte average of $392,082.
The average cost of rent is $1,742/mo in Newell South, primarily driven by the current value of real estate in the Newell South area. In Newell South, 44.10% of households rent, and 51.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newell South is $4,880 per month. Households that rent pay about 35.70% of their income on rent here. Newell South’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Plaza-Eastway, Charlotte, NC: higher priced homes
- Hidden Valley, Charlotte, NC: higher priced homes
- Newell, Charlotte, NC: higher priced homes
- Mineral Springs-Rumble Road, Charlotte, NC: higher priced homes
- Shannon Park, Charlotte, NC: higher priced homes
- Oak Forest, Charlotte, NC: higher priced homes
- University City South, Charlotte, NC: higher priced homes
- Back Creek Church Road, Charlotte, NC: higher priced homes
- Hickory Grove, Charlotte, NC: higher priced homes
- Sugaw Creek, Charlotte, NC: higher priced homes
Neighborhoods with Similar Populations
- Shackelford, Modesto, CA: higher priced homes
- Kutzky Park, Rochester, MN: higher priced homes
- Little Blue Valley, Kansas City, MO: higher priced homes
- Loch Raven Manor, Towson, MD: higher priced homes
- Lytle Creek, San Bernardino, CA: higher priced homes
- Mabury Park, Santa Ana, CA: higher priced homes
- Melrose Park, Fort Lauderdale, FL: higher priced homes
- Oak Park, Jeffersonville, IN: higher priced homes
- Park City, Knoxville, TN: equally priced homes
- Ken Caryl Ranch Plains, Ken Caryl, CO: higher priced homes
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