The typical owner-occupied home in Newton is worth about $186,300, 36% below the North Carolina median of $288,900 and 44% below the national median of $332,700. Owners pay a median $1,473 a year in property taxes, about 0.79% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $62,015 a year, so the median home costs 3.0 times the median income (4.0 times for North Carolina). 73% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Newton at a glance
| Newton | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $186,300 | $288,900 | $332,700 |
| Median property tax paid per year | $1,473 | $1,896 | $3,119 |
| Property tax as a share of value | 0.79% | 0.66% | 0.94% |
| Median household income | $62,015 | $72,388 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 55% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,175 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.4% | 21.0% |
| Median rent | $1,091 | $1,228 | $1,413 |
| Rent as a share of renters' income | 28.0% | 29.5% | 30.6% |
| Median year homes were built | 1977 | 1991 | 1980 |
| Vacant homes | 4.8% | 12.5% | 10.1% |
| Population | 13,333 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Newton
At this week's average 30-year rate of 7.11%, buying the median Newton home of $186,300 with 20% down costs about $1,203 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,513, 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 $51,552 for the 20%-down payment. That payment is 23% of the median Newton household income of $62,015; at that income and 20% down, the 28% guideline points to a home of about $224,000.
The median rent here is $1,091 a month, so owning the median home costs about $112 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,260 |
|---|---|
| Loan amount | $149,040 |
| Principal and interest | $1,003 |
| Property taxes (0.79% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,203 |
Change the numbers in the calculator
| Down payment | $6,520 |
|---|---|
| Loan amount | $182,926 |
| Principal and interest | $1,231 |
| Property taxes (0.79% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $82 |
| Total per month | $1,513 |
Change the numbers in the calculator
Questions about home buying in Newton
What is the median home value in Newton?
About $186,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newton?
Homeowners pay a median $1,473 a year, which is about 0.79% 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 Newton?
For the median home with 20% down at 7.11%, the payment is about $1,203 a month. Keeping that under 28% of gross income takes about $51,552 a year.
More about Newton
- Mortgage Refinance in Newton
- Debt Relief in Newton
- Home Equity Loans in Newton
- 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