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Affordable
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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 $495,335, lower than the Washington average of $621,115.
The average cost of rent is $1,278/mo in Newman Lake, primarily driven by the current value of real estate in the Newman Lake area. In Newman Lake, 7.28% of households rent, and 39.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newman Lake is $9,815 per month. Households that rent pay about 13.02% of their income on rent here. Newman Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otis Orchards, WA: equally priced homes
- Hauser, ID: higher priced homes
- State Line, ID: higher priced homes
- Liberty Lake, WA: higher priced homes
- Post Falls, ID: equally priced homes
- Greenacres, WA: equally priced homes
- McGuire, ID: higher priced homes
- Peone, WA: equally priced 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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