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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 $1,200,709, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,362/mo in Newton, primarily driven by the current value of real estate in the Newton area. In Newton, 38.30% of households rent, and 36.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newton is $15,350 per month. Households that rent pay about 15.39% of their income on rent here. Newton’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newtonville, MA: equally priced homes
- Watertown Town, MA: less expensive homes
- Auburndale, MA: equally priced homes
- Waban, MA: higher priced homes
- Newton Center, MA: higher priced homes
- Newton Highlands, MA: equally priced homes
- Waltham, MA: less expensive homes
- Newton Upper Falls, MA: equally priced homes
- Brighton, MA: less expensive homes
- Newton Lower Falls, MA: equally priced homes
Cities with Similar Populations
- Stoneham, MA: less expensive homes
- East Renton Highlands, WA: less expensive homes
- Eastmont, WA: less expensive homes
- Eden, NC: less expensive homes
- Edgewood, MD: less expensive homes
- Fallon, NV: less expensive homes
- Selma, AL: less expensive homes
- Short Pump, VA: less expensive homes
- Stanwood, WA: less expensive homes
- East Moline, IL: less expensive homes
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