The typical owner-occupied home in Newberry is worth about $288,100, 20% below the Florida median of $359,000 and 13% below the national median of $332,700. Owners pay a median $2,896 a year in property taxes, about 1.01% of their home's value, higher than the Florida rate of 0.76%. The median household earns $89,552 a year, so the median home costs 3.2 times the median income (4.8 times for Florida). 93% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Newberry at a glance
| Newberry | Florida | U.S. | |
|---|---|---|---|
| Median home value | $288,100 | $359,000 | $332,700 |
| Median property tax paid per year | $2,896 | $2,730 | $3,119 |
| Property tax as a share of value | 1.01% | 0.76% | 0.94% |
| Median household income | $89,552 | $74,568 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 70% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,814 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 23.6% | 21.0% |
| Median rent | $2,100 | $1,669 | $1,413 |
| Rent as a share of renters' income | 24.6% | 35.2% | 30.6% |
| Median year homes were built | 2006 | 1988 | 1980 |
| Vacant homes | 10.4% | 14.7% | 10.1% |
| Population | 7,865 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Newberry
At this week's average 30-year rate of 7.11%, buying the median Newberry home of $288,100 with 20% down costs about $1,913 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,393, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $81,985 for the 20%-down payment. That payment is 26% of the median Newberry household income of $89,552; at that income and 20% down, the 28% guideline points to a home of about $315,000.
The median rent here is $2,100 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $57,620 |
|---|---|
| Loan amount | $230,480 |
| Principal and interest | $1,550 |
| Property taxes (1.01% a year) | $242 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| PMI | $0 |
| Total per month | $1,913 |
Change the numbers in the calculator
| Down payment | $10,084 |
|---|---|
| Loan amount | $282,882 |
| Principal and interest | $1,903 |
| Property taxes (1.01% a year) | $242 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| FHA mortgage insurance | $127 |
| Total per month | $2,393 |
Change the numbers in the calculator
Questions about home buying in Newberry
What is the median home value in Newberry?
About $288,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newberry?
Homeowners pay a median $2,896 a year, which is about 1.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Newberry?
For the median home with 20% down at 7.11%, the payment is about $1,913 a month. Keeping that under 28% of gross income takes about $81,985 a year.
More about Newberry
- Mortgage Refinance in Newberry
- Debt Relief in Newberry
- Home Equity Loans in Newberry
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data