Newton, NC—28658
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newton, NC
As of Oct '25, the median home price in Newton, NC is $248,000, with a year-over-year change of 1.1%. This indicates that home prices in Newton, NC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 1.1% |
| Single Family | $249,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $127,000 | -3.8% |
2 Bed | $179,000 | 0.6% |
3 Bed | $263,000 | 1.5% |
4 Bed | $374,000 | 2.2% |
| 5 Bed | $502,000 | 2.9% |
% of Housing Stock
Rental Trends — Newton, NC
As of July '25, Rentcast reports the average rent in Newton, NC is $1,490, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Newton, NC is 1-bedrooms: $908, 2-bedrooms: $1,170, 3-bedrooms: $1,750, 4-bedrooms: $2,170. The most common rental property sizes in Newton, NC are 2-bedroom and 3-bedroom, accounting for 45.4% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $908 |
| 2 Bed Rent | $1,100 | $1,170 |
| 3 Bed Rent | $1,700 | $1,750 |
| 4 Bed Rent | $2,100 | $2,170 |
% of Rental Stock
Property Listings — Newton, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Newton, NC is 71. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 4.0% |
Listing Count | 123 | 44.0% |
| Listings as % of Homes | 0.7% | 44.0% |
Days on Market | 71 | 22.0% |
Demographics — Newton, NC
As of the latest ACS Survey released in 2023, Newton, NC has a population of 25,700, which has decreased by -6.5% over the past 5 years. Newton, NC is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | -6.5% |
% Under 18 | 19.9% | -13.5% |
% Seniors | 19.6% | 14.6% |
% WFH | 6.8% | 161.5% |
% w/ College Degree | 19.3% | 16.3% |
As of the latest ACS Survey released in 2023, Newton, NC is a predominantly white area, with 69.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Newton, NC is hispanic, making up 12.4% of the population. Foreign-born residents account for 7.9% of the population in Newton, NC, and this percentage has increased by 21.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.3% | -2.8% |
% Black | 8.1% | -16.5% |
% Hispanic | 12.4% | -2.4% |
% Asian | 4.6% | 142.1% |
% Foreign Born | 7.9% | 21.5% |
Mortgage and Risk — Newton, NC
According to HUD data as of 2023, there were 729 mortgage originations in Newton, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Newton, NC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 729 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Newton, NC
As of 2024, the percent of homes in Newton, NC under the Section 8 program is 9.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Newton, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 262 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $925 | $930 |
| 2 Bedroom | $40 | $1,100 | $1,140 |
| 3 Bedroom | -$250 | $1,700 | $1,450 |
| 4 Bedroom | -$390 | $2,100 | $1,710 |
Affordability — Newton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $248,000 |
| Median Household Income | $67,800 |