Newburgh, IN—47630
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newburgh, IN
As of Oct '25, the median home price in Newburgh, IN is $312,000, with a year-over-year change of 3.5%. This indicates that home prices in Newburgh, IN 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 | $312,000 | 3.5% |
| Single Family | $313,000 | 3.3% |
| Condos | $290,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 5.1% |
3 Bed | $280,000 | 3.7% |
4 Bed | $412,000 | 4.3% |
| 5 Bed | $592,000 | 5.0% |
% of Housing Stock
Rental Trends — Newburgh, IN
As of July '25, Rentcast reports the average rent in Newburgh, IN is $1,840, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Newburgh, IN is 1-bedrooms: $1,480, 2-bedrooms: $1,220, 3-bedrooms: $2,130, 4-bedrooms: $2,610. The most common rental property sizes in Newburgh, IN are 2-bedroom and 3-bedroom, accounting for 44.6% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,480 |
| 2 Bed Rent | $1,030 | $1,220 |
| 3 Bed Rent | $1,950 | $2,130 |
| 4 Bed Rent | $2,750 | $2,610 |
% of Rental Stock
Property Listings — Newburgh, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Newburgh, IN is 42. This is a increase of 10.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 5.0% |
Listing Count | 189 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 42 | 10.0% |
Demographics — Newburgh, IN
As of the latest ACS Survey released in 2023, Newburgh, IN has a population of 39,500, which has increased by 8.9% over the past 5 years. Newburgh, IN is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,500 | 8.9% |
% Under 18 | 23.6% | -4.8% |
% Seniors | 19.4% | 20.5% |
% WFH | 10.8% | 272.4% |
% w/ College Degree | 43.8% | 12.3% |
As of the latest ACS Survey released in 2023, Newburgh, IN is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Newburgh, IN is black, making up 3.2% of the population. Foreign-born residents account for 5.1% of the population in Newburgh, IN, and this percentage has increased by 2.0% 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 | 87.5% | -2.7% |
% Black | 3.2% | 18.5% |
% Hispanic | 2.8% | 27.3% |
% Asian | 2.6% | -36.6% |
% Foreign Born | 5.1% | 2.0% |
Mortgage and Risk — Newburgh, IN
According to HUD data as of 2023, there were 1016 mortgage originations in Newburgh, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Newburgh, IN. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,016 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Newburgh, IN
As of 2024, the percent of homes in Newburgh, IN under the Section 8 program is 2.9%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Newburgh, IN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 88 |
Total Units Section 8 | 88 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,100 | $960 |
| 2 Bedroom | $200 | $1,030 | $1,230 |
| 3 Bedroom | -$430 | $1,950 | $1,520 |
| 4 Bedroom | -$1,030 | $2,750 | $1,720 |
Affordability — Newburgh, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $312,000 |
| Median Household Income | $101,000 |