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These days, finding an affordable place to live in the Newton area can be challenging. Home prices in Newton are now at a median cost of $168,344, lower than the Iowa average of $226,062.
The average cost of rent is $850/mo in Newton, primarily driven by the current value of real estate in the Newton area. In Newton, 35.51% of households rent, and 38.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newton is $5,461 per month. Households that rent pay about 15.56% of their income on rent here. Newton’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lambs Grove, IA: higher priced homes
- Killduff, IA: higher priced homes
- Goddard, IA: higher priced homes
- Kellogg, IA: equally priced homes
- Baxter, IA: higher priced homes
- Monroe, IA: higher priced homes
- Ira, IA: higher priced homes
- Colfax, IA: higher priced homes
- Reasnor, IA: higher priced homes
- Green Castle, IA: higher priced homes
Cities with Similar Populations
- Fairland, MD: higher priced homes
- Eastchester, NY: higher priced homes
- Eastlake, OH: equally priced homes
- Elkins Park, PA: higher priced homes
- Emmaus, PA: higher priced homes
- Enola, PA: higher priced homes
- Erlanger, KY: higher priced homes
- Estelle, LA: higher priced homes
- Exton, PA: higher priced homes
- Fairfax Station, VA: higher priced homes
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