Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Newman Lake area can be challenging. Home prices in Newman Lake are now at a median cost of $350,182, lower than the Washington average of $453,663.
The average cost of rent is $1,346/mo in Newman Lake, primarily driven by the current value of real estate in the Newman Lake area. While nearly 39.25% of residents own their homes outright in Newman Lake, 7.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newman Lake is $9,925 per month. Households that rent pay about 13.56% of their income on rent here. Newman Lake's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Otis Orchards, WA: equally priced homes
- Hauser, ID: equally priced homes
- State Line, ID: higher priced homes
- Liberty Lake, WA: higher priced homes
- Post Falls, ID: less expensive homes
- Greenacres, WA: equally priced homes
- McGuire, ID: higher priced homes
- Peone, WA: less expensive homes
- Veradale, WA: equally priced homes
- Spokane Valley, WA: less expensive homes
Cities with Similar Populations
- Bolton, MA: higher priced homes
- Bakersville, NC: less expensive homes
- Albia, IA: less expensive homes
- Albion, PA: less expensive homes
- Henagar, AL: less expensive homes
- Maysville, NC: less expensive homes
- Reedsport, OR: less expensive homes
- Bad Axe, MI: less expensive homes
- Aylett, VA: less expensive homes
- Beattyville, KY: less expensive homes
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