Home Price Key
Affordable
Average
Expensive
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 $199,124, higher than the Kentucky average of $164,895.
The average cost of rent is $905/mo in Newman, primarily driven by the current value of real estate in the Newman area. While nearly 42.20% of residents own their homes outright in Newman, 12.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newman is $6,956 per month. Households that rent pay about 13.02% of their income on rent here. Newman's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Reed, KY: less expensive homes
- Sorgho, KY: higher priced homes
- Hatfield, IN: less expensive homes
- Yankeetown, IN: equally priced homes
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- Bluff City, KY: less expensive homes
- Red Bush, IN: equally priced homes
- Richland, IN: less expensive homes
- Dermont, KY: equally priced homes
- Bullocktown, IN: less expensive homes
Cities with Similar Populations
- Damar, KS: less expensive homes
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- Crumpler, WV: less expensive homes
- Cuchillo, NM: less expensive homes
- Cumberland Springs, TN: less expensive homes
- Current View, MO: less expensive homes
- Cyrene, MO: less expensive homes
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