The Most Affordable Neighborhoods in Newman, OH by Home Value

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 $194,058, lower than the Ohio average of $236,816.

The average cost of rent is $1,044/mo in Newman, primarily driven by the current value of real estate in the Newman area. In Newman, 15.73% of households rent, and 28.48% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Newman is $7,167 per month. Households that rent pay about 14.56% of their income on rent here. Newman’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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