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Affordable
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These days, finding an affordable place to live in the Newman area can be challenging. Home prices in Newman are now at a median cost of $111,895, lower than the Illinois average of $300,242.
The average cost of rent is $891/mo in Newman, primarily driven by the current value of real estate in the Newman area. In Newman, 11.80% of households rent, and 57.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newman is $6,385 per month. Households that rent pay about 13.96% of their income on rent here. Newman’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Murdock, IL: higher priced homes
- Hume, IL: less expensive homes
- Palermo, IL: equally priced homes
- Brocton, IL: less expensive homes
- Longview, IL: higher priced homes
- Broadlands, IL: higher priced homes
- Allerton, IL: higher priced homes
- Camargo, IL: higher priced homes
- Hugo, IL: higher priced homes
- Oakland, IL: equally priced homes
Cities with Similar Populations
- Coal Hill, AR: equally priced homes
- Cantua Creek, CA: higher priced homes
- Wataga, IL: equally priced homes
- Walnut Grove, AL: higher priced homes
- Waverly, KS: higher priced homes
- Dugspur, VA: higher priced homes
- East Canaan, CT: higher priced homes
- West Manchester, OH: higher priced homes
- Westtown, PA: higher priced homes
- Whiting, IA: higher priced homes
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