Newburgh, IN 47630 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Newburgh, IN—47630

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$323,000

4.2% YoY Growth

Household Income

$101,000

25.4% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,750

5.2% YoY Growth

1-Bed Rent

$1,100

20.0% YoY Growth

2-Bed Rent

$1,030

3.9% YoY Growth

3-Bed Rent

$1,950

2.4% YoY Growth

Home Price Trends — Newburgh, IN

As of May '26, the median home price in Newburgh, IN is $323,000, with a year-over-year change of 4.2%. This indicates that home prices in Newburgh, IN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$323,000	4.2%
Single Family	$324,000	4.2%
Condos	$290,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.3%

1 Bedroom

19.5%

2 Bedrooms

44.6%

3 Bedrooms

28.2%

4 Bedrooms

2.9%

5+ Bedrooms

1.4%

Property Listings — Newburgh, IN

As of May '26, Realtor.com reports that the median days on market for a home in Newburgh, IN is 59. This is a increase of 39.0% 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	$417,000	6.0%
Listing Count	200	21.0%
Listings as % of Homes	0.4%	21.0%
Days on Market	59	39.0%

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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%

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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%

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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%

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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

Newburgh, IN—47630

Key Metrics at a Glance

Home Price Trends — Newburgh, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Newburgh, IN

% of Rental Stock

Property Listings — Newburgh, IN

Demographics — Newburgh, IN

Race and Ethnicity

Mortgage and Risk — Newburgh, IN

Mortgages

Rentals and Section 8 — Newburgh, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Newburgh, IN

Home Price to Income Ratio

Newburgh, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Reed, KY

Chandler, IN

Spottsville, KY

Evansville, IN

Boonville, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$323,000
Median Household Income	$101,000

Newburgh, IN—47630

Key Metrics at a Glance

Home Price Trends — Newburgh, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Newburgh, IN

% of Rental Stock

Property Listings — Newburgh, IN

Demographics — Newburgh, IN

Race and Ethnicity

Mortgage and Risk — Newburgh, IN

Mortgages

Rentals and Section 8 — Newburgh, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Newburgh, IN

Home Price to Income Ratio

Newburgh, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Reed, KY

Chandler, IN

Spottsville, KY

Evansville, IN

Boonville, IN

Frequently Asked Questions

What is the average home price in Newburgh, IN 47630?

How have home prices in Newburgh, IN 47630 changed over the past year?

What is the home price projection for Newburgh, IN 47630?

What are the demographics of Newburgh, IN 47630?

How long does it take homes to sell in Newburgh, IN 47630?

What is the average rent price in Newburgh, IN 47630?