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Affordable
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These days, finding an affordable place to live in the Newmans area can be challenging. Home prices in Newmans are now at a median cost of $231,797, higher than the Mississippi average of $183,008.
The average cost of rent is $951/mo in Newmans, primarily driven by the current value of real estate in the Newmans area. In Newmans, 10.85% of households rent, and 52.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newmans is $7,828 per month. Households that rent pay about 12.15% of their income on rent here. Newmans’s most expensive areas are in the northern 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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Cities with Similar Populations
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