Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,402 people, 1,593 houses or apartments, and a median cost of homes of $379,915, Newburgh real estate is some of the most expensive in Indiana, although Newburgh home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Newburgh, accounting for 78.68% of the town's housing units. Other types of housing that are prevalent in Newburgh include mobile homes or trailers ( 12.94%), duplexes, homes converted to apartments or other small apartment buildings ( 5.66%), and a few large apartment complexes or high rise apartments ( 1.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newburgh. Owner-occupied housing accounts for 82.03% of Newburgh's homes, and 64.01% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Newburgh built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newburgh built between 1940-1969 ( 21.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.57%). There's also some housing in Newburgh built before 1939 ( 11.15%).
Real estate appreciation rates in Newburgh's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.60% during the period.
NeighborhoodScout's data show that during the latest twelve months, Newburgh's appreciation rate, at 5.77%, has been at or slightly above the national average. In the latest quarter, Newburgh's appreciation rate has been 0.76%, which annualizes to a rate of 3.08%.
Relative to Indiana, our data show that Newburgh's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Newburgh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newburgh - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newburgh real estate investment or home purchase decisions.
$379,915
for Indiana
for nation
1,593
$1,263 / per month