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Affordable
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These days, finding an affordable place to live in the Newland area can be challenging. Home prices in Newland are now at a median cost of $207,013, lower than the Indiana average of $232,932.
The average cost of rent is $1,016/mo in Newland, primarily driven by the current value of real estate in the Newland area. In Newland, 18.38% of households rent, and 62.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newland is $6,665 per month. Households that rent pay about 15.24% of their income on rent here. Newland’s most expensive areas are in the southern 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
- Gifford, IN: higher priced homes
- Rensselaer, IN: less expensive homes
- Radioville, IN: less expensive homes
- Francesville, IN: less expensive homes
- McCoysburg, IN: higher priced homes
- Lee, IN: equally priced homes
- Medaryville, IN: less expensive homes
- Parr, IN: higher priced homes
- Fair Oaks, IN: higher priced homes
- Collegeville, IN: equally priced homes
Cities with Similar Populations
- Eden, MN: higher priced homes
- Farrar, TX: higher priced homes
- Willow Shade, KY: less expensive homes
- Eve, MO: less expensive homes
- Evansville, PA: higher priced homes
- Esterbrook, WY: higher priced homes
- Eola, LA: less expensive homes
- Elmdale, KS: less expensive homes
- El Mirage, CA: higher priced homes
- Edmond, KS: less expensive homes
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